Comments by "Hermit Oldguy" (@hermitoldguy6312) on "The WORST Inflation in History | Tales From the Bottle" video.

  1. You can also increase the value of currency by withdrawing some from circulation, or by increasing the production of goods. Governments often print banknotes to steal the value of bank deposits. There should be sufficient notes in circulation to buy the goods that a nation produces. If there's too few notes, trade stagnates as sellers can't find buyers, and production falls; if there's too many, all the goods are quickly bought (boom) prices rise, manufacturing is stifled (bust) so trade stagnates as buyers can't find sellers.
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  2. One of our King Georges banned the export of gold to America (where it was worth more) so for want of money, Americans grew tobacco and pressed it into standard-sized blocks and paid for goods with them. The Brits would take goods to American and trade them for tobacco to sell back home.
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  3. It doesn't help the economy, it helps the government they use it to pay their debts.
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