Is there a different view by political-scientist in history that printing more bill is different from adding few more zeros in a bill
score:5
You are confusing money supply with inflation. Increasing the money supply can sometimes (but not always) increase prices right along with it - this is called inflation. Inflation devalues the currency, and if it devalues too much, smaller denominations, like the penny in the US, becomes an impractical medium of exchange.
Increasing the money supply is a function of a central bank (or reserve bank) - they are not literally printing more money. The phrase "print more money" is poetic shorthand for a complex series of transactions between the government and private financial institutions.
If you massively increase the money supply, as Zimbabwe did, you will be in a situation where it will require printing new bill denominations, otherwise people will be paying for bread with wheelbarrows full of bills. More money in circulation results in more zeros on the bills.
This brings us to an interesting distinction - money and currency are not the same thing. I'm having trouble finding a link that explains the distinction that isn't gold-bug conspiracy theory BS, so I'll lay it out here.
Money is a stored value that is used as a medium of exchange - and in most modern economies, that value it is stored in two ways. First, it is stored as bank deposits, and most of the money supply is here, as most things are paid for using the bank - when you write a check, you are moving money from one deposit (yours) to another (the check recipient's.) You have spent money - and you did it without currency!
The other way value is stored is in currency - these are objects issued by a guarantor, most often but not always a government, that represent not only stored value, but a unit of account. The worth of these objects depends on many factors, almost all of them concerning the guarantor. If the guarantor increases the money supply, the worth of a unit of currency can sometimes (but not always) decrease in value. This requires new or replacement currency to be denominated at larger and larger units to be a practical medium of exchange.
More post
- 📝 Why don't tanks have radar aimed guns?
- 📝 What campaigns did the Mexican army fight against American Indians in the North?
- 📝 Who were some of the specific people in the Renaissance who wrote about their period being different from the Middle Ages?
- 📝 How important were Einstein and Szilard and other scientists to the creation and ultimate success of the Manhattan Project?
- 📝 Where can I find historical taxation/revenue datasets for imperial countries in the early 20th century?
- 📝 What did Nikolas Mystikos call his countrymen in official correspondence?
- 📝 Which country can be called the successor of the Roman Empire, after 476?
- 📝 How was titanium transported from Soviet Union to Area 51 for Oxcart?
- 📝 Was Mimar Sinan of Greek Christian origin?
- 📝 Was Frederick II of Hohenstaufen really a medieval Dr. Mengele?
- 📝 Why was old Shanghai called "Whore of the Orient"?
- 📝 How much of the *Iliad* was confirmed scientifically?
- 📝 How many soldiers were present at the charge down Little Round Top?
- 📝 In what language was the first Zionist congress in Basel in 1897 held?
- 📝 How were the ladies of the Mughal harem titled and styled?
- 📝 Were people of different body types (height/weight/shape) able to have field armour adjusted to them?
- 📝 Examples of internment or deportation of enemy aliens in the US after WW2?
- 📝 Were there witch-hunts or witch-trials in China or Japan?
- 📝 What was the role of a 'Tidy Man' and what might their duties have been?
- 📝 How were Warrant Officers appointed to Royal Navy ships during the Age of Sail?
- 📝 Why have we settled while foragers used to be healthier instead?
- 📝 Why didn’t the Chinese leave troops behind in North Korea after the Korean War?
- 📝 Why wasn't Mao purged after the failure of the Great Leap Forward?
- 📝 Did ancient or medieval warriors "substitute" in and out of combat?
- 📝 How much in total did Nazi Germany spend on their war machine
- 📝 Former French PM Blum was in Buchenwald -- what is known about his life there?
- 📝 Why was there lack of food during WW2 in the UK?
- 📝 Was there a Roman city in the Plain of Sarajevo?
- 📝 When was King Alfred first called 'Alfred the Great'?
- 📝 What is the spiral-looking device shown in this wall painting?
Source: stackoverflow.com
Search Posts
Related post
- 📝 Is there a different view by political-scientist in history that printing more bill is different from adding few more zeros in a bill
- 📝 Are there any images within the time period of contemporary history (1945 to the present) that had different interpretations by historians?
- 📝 Is it true that there are more slaves in the world now than ever at one point in history?
- 📝 What is the evidence to claim that political order in ancient Rome was sufficiently different under "kingdom", "republic" and "empire"?
- 📝 Which college president nearly finished a book in 1914 that argued that there would be no more wars?
- 📝 In Dutch history two people are referred to as "William III"; are there any more cases where this happens?
- 📝 What evidence is there that English Political divisions from the 1600s are replicated in American politics today?
- 📝 Have there been known instances in history when a queen consort slept with someone other than her husband, and no one got hurt? How was that possible?
- 📝 Given that there were there larger, more organised civilisations in South America compared to NA, why did they not colonise North America themselves?
- 📝 Are there any misunderstandings in history that were resolved in the 20th century?
- 📝 Were there any Native American tribes that had more than a strategic alliance with the Confederates?
- 📝 Are there any universally accepted or non-Abrahamic based books in history that have mentions of longevity of prophets?
- 📝 Is there any evidence in history to suggest that there was a Melanchro (dark-skinned) population in Colchis as claimed by Herodotus?
- 📝 Is there any evidence to support the claim that the United States was "suckered into WW1" by Zionists, made by Benjamin Freedman in his 1961 speech?
- 📝 Have there been any countries that voted themselves out of existence?
- 📝 Why are so many metros underground? Isn't that more expensive than an elevated system?
- 📝 Are there historical examples of audiences drawn to a work that was "so bad it's good"?
- 📝 Was there ever a treaty between 2 entities with significantly different translations to the detriment of one party?
- 📝 (Why) are there two different versions of the photograph of inmates at the Buchenwald concentration camp?
- 📝 Is there any proof that Robin Hood existed?
- 📝 What led some people to (correctly) believe that there was no land under the ice cap at the North Pole?
- 📝 Is there any evidence that Cleopatra and Caesarion considered fleeing to India to escape the Romans?
- 📝 How did medieval manors handle population growth? Was there room for more fields to be ploughed?
- 📝 What kind of ink was used by medieval scribes in Iceland, given that there were no plant galls for iron-gall ink?
- 📝 Were there military operations that targeted individual enemy commanders?
- 📝 What did Germany do after World War II to recover so successfully that it became more prosperous than its WW2 victors?
- 📝 Is there any evidence that the Catholic Church slowed innovation during the Middle Ages?
- 📝 Is there evidence to suggest that Abraham and Hammurabi influenced one another?
- 📝 Does the Catholic church have a long history of child abuse, or is it something that started in our time?
- 📝 Were there any conquests that Ancient Rome undertook explicitly to gain control of a natural resource?