Quote from: Betwrong on December 02, 2019, 06:44:37 PM

Quote from: romiio00 on December 02, 2019, 06:04:37 AM

Hi i'm monolicaคาสิโน
A quick history of currencies and paper money shows that money began as a deposit of a certain value of gold/silver and then turned into a representation of the promises of those who issue it.
Looking at the US dollar, it has lost more than 90% of its value, making all paper currencies a bad example of a "store of value." "I do not want to mention the scenario that happened in the state of Venezuela or Germany after the war."sagame

When you are talking about something losing its value, please specify the time frame, because it looks confusing otherwise. US dollar has lost 95% of its purchasing power since 1799. But, on the other hand, can you name a currency which has performed better than that? Also, with regard to the economy, inflation isn't a bad thing, rather its an intrinsic part of of the economic growth the modern world has been experiencing.

Regarding your question, currencies must be used as a medium of exchange, in the first place. The more people use them as an asset, the worse for the economy.

Around 50 years back Indian currency has performed better than USD and any other currency that got used globally. Things changed when Britishers conquered India and started to divide and rule. This way slowly the wealth has been eroded and finally when India got its freedom, in terms of growth Britishers made big changes within the country which is done for their trade needs and money value has gone to nothing from the top. Gold/silver and other valuable metals were initially given value by the kings that ruled the different parts of India.