How inflation works: why your money buys less every year
Printing money: why a country cannot get rich by making more money
A country can print as much money as it wants. So why not print a million for everyone? The answer has made whole countries poor.
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1
Rono's idea is simple. The country prints $1 million for every person. Everyone is rich, and everyone buys all the ice cream they want.
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Picture the morning after. Everyone in town holds a pile of new money. But Miva's two freezers still hold 400 scoops a day. Nobody printed a single scoop of ice cream.
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