If a poor country in Africa becomes rich, wouldn’t they need to get money elsewhere? Thus making the other place more poor?
In: 1
Money isnt wealth. Real money is resources. Resources are ever expanding. Think about how much growth in tech and resources we’ve seen in last 20 years. Thats the real growth.
Money on the other hand(fiat currency) can be printed to unlimited amounts and has value against the real world assets.
If assets growth = 5% and money(currency growth/print)= 3%- That means the country grew in real terms. Because assets growth outpaced the currency printing. Same logic goes the other way. So youre really fucked when your country prints a lot more money and has no asset growth to back it up
Latest Answers