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by jsjohnst
2426 days ago
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> Zimbabwe did not run out of money Actually, wrong again. They did run out of “money” and tried to mask that by continuing to print currency. “Currency” is a physical thing, it’s essentially a promissory note. “Money” is an intangible thing, essentially a stored value. Currency that is worth nothing isn’t “money” as the promise printed on it has no stored value. Further reading: http://www.differencebetween.info/difference-between-money-a... |
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