Post
Topic
Board Economics
Re: Why not just print dollars?
by
RamBahadur.Gurung
on 12/10/2017, 15:08:25 UTC
Anyone who is interested in printing dollars or any other currency (including issueing unlimited quantities of crypto) consider what happened in Zimbabwe, or in post WW2 Germany. In both of these countries you literally would have needed a truckload of money to but a loaf of bread. The money wasn't worth the paper it was printed on.

Right now, the same thing is happening in Venezuela. Just check these pictures:



^^^This is the amount of currency needed to purchase a mobile phone.

And the situation is same in some other countries, such as Somaliland. Check this: