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Too Much Money

16 minutes 27 seconds

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Can there really ever be too much money? Yes, when governments keep printing money without backing. The consequences include reducing the purchasing power of money and increasing the prices of goods. The supply of money becomes inflated. At its most extreme, inflation can destroy economies, leaving money practically worthless. It happened in Spain in the 16th and 17th centuries, in 1777 during the American Revolution, in Germany after World War I, and in Bolivia in 1985. When and where might it happen next?

Media Details

Runtime: 16 minutes 27 seconds

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