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
- 📝 What year was Hitler's final known painting created?
- 📝 Were the Tuatha De Danann really from India?
- 📝 Which prayer did sailors in Russian America expect to hear?
- 📝 What were the last words of Charles the First, and Oliver Cromwell's response after his execution?
- 📝 Were women the property of men prior to 1919 in the UK?
- 📝 Has the USA offered aid to every sovereign nation?
- 📝 Did most major ancient cultures (e.g. the Mesopotamians) consider the heart as the main cognitive organ?
- 📝 When was the weekend changed in Jordan?
- 📝 Examples of ancient maps that gave names based on a cardinal direction
- 📝 Would Victorian era British soldiers wear their short sword bayonets while wearing uniform when off duty?
- 📝 Is there any example of a monarch being presumed dead but returning after the heir ascended to the throne?
- 📝 When did the practice of formally "declaring war" cease and why?
- 📝 How did the Egyptian engineers of the Third and Fourth Dynasty construct the Pyramids and Sphinx without modern science and mathematics?
- 📝 When did the Roman consular year begin during the Republic and Empire?
- 📝 Soviets, their war equpment and performance in WWII
- 📝 Did Napoleon Hill really have a friendship with Andrew Carnegie?
- 📝 Why does Western Europe tend to have small 'in between' countries?
- 📝 Why is Anubis given a scarf in some representations?
- 📝 What were the policies of the Sammarinese communist party?
- 📝 Why is Baja California often shown as an island on maps between 1500 and 1700?
- 📝 Who deposited German fuel drums on a Japanese air base in the Kuril Islands in 1943?
- 📝 Was there a Japanese equivalent of the Gestapo during WW2
- 📝 Where did prejudice against left-handed people originate from?
- 📝 Why was this ancient Chinese rocket so decorated?
- 📝 What was (if at all) Hitler's Plan B if Molotov-Ribbentrop had not worked out?
- 📝 What was Ghulam Ahmad's relationship with the British authorities in India?
- 📝 What do the phone number suffixes J, M, R, W in 1940 New York phone book mean?
- 📝 What was the most popular food staple among civilians during World War II?
- 📝 Why was Johannes Blaskowitz indicted at the Nuremberg High Command Trial
- 📝 How long has British women royals' solemn ceremonial dress included a sword?
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?