Dept. of Economics, Nonstandard Instrument Division

From one of our far-flung correspondents:

So, [a coworker] bought a little Toyota three years ago for about 5m pesos ($7500 at the time) and the going price used is now about 4m pesos ($8000 now). So the dollar has sunk faster than the depreciation on the car, and he’s going to make money (in dollar terms) by selling his car after driving it every day for three years. I think it says something about the quality of your currency if you can make money by going to South American and investing in cars.

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