Practice-based insight for a fruitful life

Financial Doctor
No. 026Work1 min read

Economic inflation

Let's say there are two countries where the currency is gold. What would happen if Country A found a gold mine which caused economic inflation while keeping manufacturing productivity unchanged? An increase in the number of currencies can eventually lead to a fall in the value of the currency because the price of goods can rise proportionally. Then, it is inevitable to import goods from Country B as an alternative.

0 views0 comments

Originally published on Wix, March 2021.

Various Artists Romance-영화 달콤한 인생 OST