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Comment by jsjohnst

No wonder you are hiding behind a throwaway, as you clearly don’t know what you’re talking about and are just posting mindless drivel. If you want to know the outcome of “we can always make more money” attitudes, look no further than Zimbabwe. In ~2007 they had a 50 cent paper note. ~6 months later a common paper note was $10,000,000,000. Just a short while after that, paper notes were being printed in one hundred trillion dollar increments. What could you buy with that $100T note? Basically not even something from a vending machine (aka worth less than 1 USD in value).

Source: I have all the above paper notes from Zimbabwe and have read about the economic policies that led to the collapse of the currency.

parent jsjohnst 7 years ago

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