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Too Much Money
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Can there really ever be Too Much Money? Yes! When governments keep printing money without backing, reducing the purchasing power of your money; when the price of almost everything goes up, it’s because government has inflated the money supply and that’s called inflation. 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 WW I, and in Bolivia in 1985. When and where might it happen next?
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Topics: | 20th Century Latin America |
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