When prices outpace wages to the degree that a day’s work won’t cover a day’s expenses of food & shelter. Existential crises happen when the kids are hungry.
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There’s no such thing as an existential threat to an economy. The fact of economy persists even in anarchy or revolution or without currency. It just changes in such a way that it is broadly perceived as shitty.
Anonymous 0
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When no one knows how much your currency is even worth, it is a bad sign. When people start using barter, your nation is collapsing. Humans began using fiat money because it was easier than bartering.
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