Speaking of inflation, I went to Iceland almost ten years ago and was trying to unload all my Kronurs before returning to the States.....just buying anything I could....little pieces of candy, etc. Finally I got down to a 100 kronur coin. You would think that with 100 of anything you could buy something. However, not so in Iceland (and I'm sure in other countries too).
At the time, Iceland had over 40% income tax and a national sales tax of 24%. I still have a receipt showing such from a KFC in Rejkavik. But the government touted that the people had free healthcare and a strong military. I saw three hospitals while I was there and I toured the entire country. A citizen told me that they had a five ship navy. And as many of you will recall, the entire country went broke a few years ago. Feed the beast! Feed the beast! Feed the beast!