Currency and Money Value

We use the number of units of each currency that are created as a measure of currency confidence or risk. When additional units of a currency are created there is a greater risk of a loss of purchasing power due to inflation or hyperinflation of the currency price of goods and services. People usually refer to currency as money unless it is debased severely by new currency creation. True money like gold and silver cannot be created by private and central banks.

Sunday, April 16, 2023

Argentina Inflation Hits 104%

Reuters reports that inflation in Argentina has reached 104%. The number of people in poverty has in consequence risen to 40%.

And a slightly early video reporting that the government was attempting to use price controls (which forces prices up even further because price controls result in less supply so they are counter-productive):

Currency and Money Value

Sunday, April 16, 2023

Argentina Inflation Hits 104%

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