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> - why it makes sense for countries to artificially devalue their currency it's an unavoidable tax. if there are 100 bills in circulation and I print 100 more
by kobalsky 5y ago
> - why it makes sense for countries to artificially devalue their currency
it's an unavoidable tax. if there are 100 bills in circulation and I print 100 more, I took 50% of the purchasing power of the bills that were originally in circulation.