How do countries end up with worthless currency? Like countries who’s dollar bills lie on the ground or are burned for warmth because it has no purchase power anymore
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Money is only as good as your trust in that person.
Everyone in elementary school trades homemade cookies. Each grade has their own type of cookie but one Grade 8 cookie is worth two kindergartens cookies because they don’t always wash their hands when making them at 5 years old.
The grade 4’s all get sick, so no one wants their cookies as they don’t think that grade 4’s cookies are worth very much.
Or
The grade 4’s think their clever and have their moms give them each an extra cookie one day. Suddenly grade 4 cookies aren’t a good deal anymore, so kids who used to trade for grade 4 cookies want an extra one in the deal.
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