Message from @Royal Chaotic
Discord ID: 694960990432919683
I believe we can both agree on that.
0% inflation
Zimbabwe
Well yes
Because they're not fucking Africa.
or the fact that cars back in the 1920's cost like $20
If Kenya does that, they will die.
inflation is fun!
But it mean money supply isnt tied to inflation
Venezuela tried to defy inflation.
No inflation happens
Now its people make bags out of the Venezuelan currency.
When you go over your economy line
Which isn't true in third world countries.
>increase money in circulation
>doesn't cause inflation
what drugs are you on?
The amojnt of labor
Because they don't have enough money to fix inflation.
The resourse
So on
most African countries ended up using pretty much every other currency but their own because of how badly inflated it is
And if you go over that line you get inflation
Because you are trying to buy the same thing
You can also reduce money supply
With taxes
You surely don't understand economics.
Who has the power to create money
I sure can't
Who has the power to tax?
The state.
Yes
And what happens when multiple people tries to buy the same thing
do you understand that if you increase the supply of something it causes the value to drop and that this applies to everything?
Yes, let's tax the people who don't have food and houses, to get them food and houses.
yes, let's print money and magically expect to have 0% inflation, because the Swiss did it.
Yes, Kenya = Switzerland.
What happens when multiple people try to buy a limited supply of thing
@Royal Chaotic It's value suddenly increases.
