Covid 19 protectong value of money
Yee...tht true ! Now everybody knows this
If economy is locked down you can print a lot money
As long as you make difficult people 2 get money
Yall good
Covid is good for wealthy people
I will try and make it simple.
Value is printing is not something that goes hand in hand.
For example:
You have a bread 🍞 which is valued at 1$ and you decide to slice it into 10 equal portions. So every portion will be priced at 0.1$. Now you distribute it amongst the people in need.
BUT
There is a problem and you don't have enough for all of the people so you have to distribute it in 100!!!!!! So now every piece is priced at 0.01$ but due to inflation in the market people are selling it for 0.1$ and it's appropriate too.
So how the market changed locally???
A product that was Worth 0.01$ is now selling at 0.1$ , it would be acceptable locally but globally they might not have the problem so you will live in your own little world thinking you have enough whereas what you have is 1/10th of the real value.