Re:Venezuela Follows India’s Example and Voids Half of Its Cash
by Lazare on Saturday December 17, 2016 @11:50PM
(#13204388)
I think you are confusing cause and effect. Trust is lost when the government destroys the value of the currency, by e.g., printing money.
> Trust in the value of currency is how money retains value.
No, not running the printing presses to pay your bills is how money retains value. :) And a history of retaining value is how a currency becomes trusted.
> Trust in the value of currency is how money retains value.
No, not running the printing presses to pay your bills is how money retains value. :) And a history of retaining value is how a currency becomes trusted.