Words
75
Reading
1 min
7y
I'll have to look into that one. The "depreciation (of the Continental) was caused by the government printing large amounts of currency in order to meet the demands of war." When the currency is depreciated because of over printing the prices rise. That's inflation, first the money supply is inflated with printing too many notes, then the prices rise to compensate. If your money is collecting dust in a bank for too long, you're screwed.
RE: Andrew Yang's Siren Song of Free Money Will Cost You Dearly