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Monetary debasement is a lot like addiction: easy money is pleasurable at the beginning. It causes investment values to rise; it fills the people's bank accounts, and it allows greater consumption of goods and services. But over time, it creates many problems, including inflation.
Monetary debasement is a lot like addiction: easy money is pleasurable at the beginning. It causes investment values to rise; it fills the people's bank accounts, and it allows greater consumption of goods and services. But over time, it creates many problems, including inflation.