An attractive aspect of fiat notes to the state is that they can be printed with any face value. This has some market attractiveness, but the state often uses this ability to inflate. Inflation would prove to be the downfall of several currencies, most notably Zimbabwe's.馃憖
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The Rise And Fall Of Good Money: A Tale Of The Market And The State
An attractive aspect of fiat notes to the state is that they can be printed with any face value. This has some market attractiveness, but the state often uses this ability to inflate. Inflation would prove to be the downfall of several currencies, most notably Zimbabwe's.馃憖