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Zimbabwe did not run out of money. I did not say that a bank can make everybody rich by printing money just that there is no limit to the money that the banks
by std_throwaway 7y ago
Zimbabwe did not run out of money.
I did not say that a bank can make everybody rich by printing money just that there is no limit to the money that the banks can print, as is evidenced by Zimbabwe. They ran out of everything else but not money. We are basically expressing the same thing from different viewpoints.
- AnimalMuppet 7y agoIf Zimbabwe is your example that shows that you're correct, it also shows that your point is completely irrelevant in the real world. So they didn't run out of money. That did them no good whatsoever.
- jsjohnst 7y ago> Zimbabwe did not run out of money Actually, wrong again. They did run out of “money” and tried to mask that by continuing to print currency. “Currency” is a physical thing, it’s essentially a promissory note. “Money” is an intangible thing, essentially a stored value. Currency that is worth nothing isn’t “money” as the promise printed on it has no stored value. Further reading: http://www.differencebetween.info/difference-between-money-and-currency http://www.differencebetween.info/difference-between-money-a...