What is inflation and what does it mean when people say the currency in Venezuela is worthless?
In: Economics
Inflation – from what I understand, is when there’s so much currency (fake or more bills printed) that actually lessens the overall value of money as it’s not a scarcity. Say, in theory, people think if we have poor people, why not just print more money?
Because more money makes prices skyrocket as it doesn’t hold its intended value any more.
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