Tagged: Venezuela’s Inflation

WHAT HAPPENS WHEN A COUNTRY PRINTS MONEY? 0

WHAT HAPPENS WHEN A COUNTRY PRINTS MONEY?

The pictures above depict the state of Somalia which is a rare picture of what previously happened in Zimbabwe in 2008 and Venezuela. The effect of printing more money when a country must have borrowed hugely without paying back cannot be overemphasized.   The reward of printing more money according to Gresham’s law which states that ”Bad money drives out...