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For those who doubt the serious consequences of printing money, just look at Zimbabwe. When your own countries currency is no longer legal tender, it disadvanta
by electromagnetic 17y ago
For those who doubt the serious consequences of printing money, just look at Zimbabwe. When your own countries currency is no longer legal tender, it disadvantages the rich and not the poor. The poor in Zimbabwe barter, the rich use money, who really loses out here when the currency completely fails?
- ntoshev 17y agoBy Zimbabwean standards we are all rich I guess. Bartering (or even trade in a foreign currency) adds so much friction that all but the most necessary and unsophisticated transaction simply don't happen.