Friday, December 16, 2011
Art galleries and gourmet seafood
It is a little disconcerting to get the bill for lunch and see it is $34,500. I handed the waiter $40,000 in beautiful blue paper money and thought back to my reading list on inflation and the perils of too much money chasing too few goods. Even at 511 pesos to the dollar, this is a very expensive country. The taxi drivers tell us a few people make all the money and the college students are protesting for fee tuition. Yesterday we saw a banner at the university: Education is a Right, it Must be Free. Is there a connection between a $10,000 peso note being worth $20 USD and demonstrators demanding everything be provided free by the government?
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