When money loses value, it means “inflation”. It’s closely related with the amount of money supply. If a massive money supply is necessary for a dynamic economy, it must be closely regulated. Inflation doesn’t even exist with private, local or complementary currencies.
From my part, the convertibility between monetary base and « money- debt » created by private banks explains a massive inflation inside Western countries.
From my part, the convertibility between monetary base and « money- debt » created by private banks explains a massive inflation inside Western countries.
No comments:
Post a Comment