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>So yeah if after 15 days you still have bill leftover you pretty much were into corruption, drugs, money laundering, smuggling First off, money laundering sho
by MichaelGG 10y ago
>So yeah if after 15 days you still have bill leftover you pretty much were into corruption, drugs, money laundering, smuggling
First off, money laundering shouldn't be a crime or on that list.
Second, there's no need to force a recall of notes except to exert more government influence and potentially "steal" money from people.
- bjelkeman-again 10y ago"Money laundering shouldn't be a crime"? Explain why it shouldn't, please.
- jjeaff 10y agoIn the case of hyperinflation, it doesn't matter much. When cash on hand loses half it's value in a month on a regular basis, virtually no one will keep more cash than is needed for purchases and will spend all of it the day they are paid if possible.
- gozur88 10y agoYeah, if you were a criminal in a country where the local currency was inflating like that you'd do business in dollars or euros.
- ZenoArrow 10y agoTrue, though controlling the supply of the local currency can also be used to control the prices that citizens pay for goods, which can be used to drive more people into the black market.