Yep. Ever read the about how Spain brought in so much gold from the new world that eventually a ship full of gold didn't carry enough value to pay the sailors their salary for the round trip?
Any form of currency can be devalued if too much of it is introduced into the economy.
Yep. Ever read the about how Spain brought in so much gold from the new world that eventually a ship full of gold didn't carry enough value to pay the sailors their salary for the round trip? You're going to have to prove that to me with a link.
Any form of currency can be devalued if too much of it is introduced into the economy.
That's never happened with gold. All the gold ever mined could fit into a shed.