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0 sats \ 1 reply \ @guerratotal 4 Jul \ on: Mefo bills -- Hitler's yield farming stablecoin bitcoin
Wow, how interesting, what most catches my attention is that it says that
Germany through MEFO bills, began printing money. However, inflation did not increase. This is because the Nazi government rarely redeemed MEFO bills. In addition, the interest rate and supposed security of the MEFO bills meant most were kept in circulation and rarely cashed
It's as if they've created a parallel economy
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23 sats \ 0 replies \ @standard_sats 5 Jul
Almost. It was a part of bi-dorectional trade system with satellites. This is why there were no inflation.
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