econ

MONEY CLASS OF THE DAY: Credible Commitment, CB Revenue & Why Monopoly on Money?

denlillaapan

>debasement and money printing cause inflation. If people know the state will resort to inflation in an emergency, they will hold less money and inflation provides less emergency funding for the state.

I do not underestimate the power of inflation for the global reserve currency. Other nation-states have only limited power. Undoubtedly, as the nation-state continues to print, their effects become less and less effective. Until [List of 590+ DEAD Currencies (demonetized)- R.I.P.](https://trader2trader.wordpress.com/2012/11/28/list-of-590-dead-currencies-demonetized-r-i-p/) (2012)
