In Romania, the M3 monetary mass has gone up by at least 9% each year since 2016, while monetary velocity went down. Now that velocity is picking back up, we a

In Romania, the M3 monetary mass has gone up by at least 9% each year since 2016, while monetary velocity went down. Now that velocity is picking back up, we are seeing astronomical inflation. Just because a govenrnment controls the currency doesn't mean it's in your interest to save long-term in it.