Why doesn't the government simply print / destroy money to keep inflation at 2%? Why does it need to borrow money when it can print money? Isn't the end result exactly the same?
Yes - I have been watching a few conspiracy theory videos :p
Why doesn't the government simply print / destroy money to keep inflation at 2%? Why does it need to borrow money when it can print money? Isn't the end result exactly the same?
Yes - I have been watching a few conspiracy theory videos :p
Printing of money, as in the expansion of the money supply, is the very definition of inflation.
CPI measures some of the effects of inflation but not the inflation itself.![]()
Thats what Germany did in the early 1900s
You needed a wheel barrow to take your money to the shop to buy a loaf of bread.
It bought the value of the Marc to basically zero.
Simply look at Mugabe & Zimbabwe.
Inflation rate of 157,000%
Prices rise by the minute.
jog on
d998
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