[awestroke]

How is USD better than Zimbabwean dollars after the US federal reserve has quadrupled the amount of dollars in less than a year and then claimed only single digit inflation?

EDIT: I love how nobody replying is addressing my actual point

[zpeti]

Responding to your edit:

Perhaps in a theoretical sense they aren’t different, they are fiat money which is basically a ledger of value (which governments manipulate).

But behind the dollar is the largest economy in the world and the largest army by a long shot, and a lot of motivation to keep the dollar as the “biggest” currency in the world.

[pmontra]

It could be worse, it could be better. All that it matters with currencies is trust. Trust that they can be exchanged and trust that they keep their value. If I go shopping tomorrow and they tell me, you can keep your euros and your dollars, we want only bricks because currencies are crashing and bricks will be useful forever, I better have to get out and find some brick. The dollar is fine until people will trust it.

[wiseowise]

> How is USD better than Zimbabwean dollars

It’s backed by the most powerful nation in the world.

[xboxnolifes]

The Zimbabwean dollar had MONTHLY inflation rates reaching 79,000,000,000%.

[Xylakant]

Fun story: There was an advertising campaign for a Zimbabwean newspaper with posters and handouts printed entirely on Zimbabwean dollar bank notes https://en.m.wikipedia.org/wiki/The_Trillion_Dollar_Campaign

[baq]

Nobody wants to get paid in Zimbabwean dollar.

[petesergeant]

> after the US federal reserve has quadrupled the amount of dollars in less than a year and then claimed only single digit inflation

Inflation is a measure of how much things cost, not of how much money exists.

[awestroke]

If quadrupling a country's money does not cause runaway inflation, then there is something deeply wrong going on

[wonnage]

Your failure to understand something doesn't make it wrong

[awestroke]

Your reply contributes nothing at all

[ikiris]

It's not like he can understand it for you.

[baq]

Replying to edit: technically there’s no difference and this technicality doesn’t matter one bit. You’re being told the answer and fail to see it.