Why Governments don't print Money and People live Rich!

in #bitcoin11 months ago

Have you ever asked yourself, why don't governments print more currencies and solve poverty problems? So we all live rich.
It's not that simple.

Each banknote is matched by gold bars in the central bank. Now it is offset by hard currency such as the dollar and the euro.
There is a story that happened in the country of Zimbabwe in 2008 when the government chaotically printed a large number of currencies for free in the central bank and there was inflation.

This method destroyed Germany after World War II and caused the collapse of the German economy when Hitler decided to print many currencies chaotically. Even the children were using it as firewood

german kids.jpg

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