4 ms·
> it was a worldwide phenomenon Because governments printed a ton of money without the economy growing to back the new amount of money, hence prices of goods i
by Izikiel43 2y ago
> it was a worldwide phenomenon
Because governments printed a ton of money without the economy growing to back the new amount of money, hence prices of goods increasing to match the available money supply.
- ethbr1 2y agoOne could also argue it was also in indebted government's best interests, as in the intermediate term it effectively decreased their debt loan (by devaluing the actual dollars it's denominated in).