If the ideal inflation rate is around 2%, won’t money eventually become worthless?
In: Economics
It’s common for inflated currencies to remove a few 0 from their notes. For example turkey at some point removed 3 0s so 1000 became 1, because everyone was making millions every month.
Suddenly everyone making 2.000.000 a month went back to 2.000 a month, and everyone lived happily after.
Latest Answers