Why the goverment of a country wouldn’t just make more money to make the country rich?
In: Economics
Printing more currency doesn’t make your country rich, it simply devalues the currency printed.
Think of trading card games, like Magic the Gathering.
Black Lotus is worth THOUSANDS of dollars. But if Wizards were to print a million new copies of the card, each new copy wouldn’t still be worth as much, cause now they’re not nearly as rare. That’s kind of how inflation works, and why you can’t solve your nation’s monetary issues by just printing more currency.
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