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In January 2002, the total value of physically existing euros, including banknotes and metal coins, amounted to 234 billion. Over the course of 18 years, the European Central Bank (ECB) printed new currency, multiplying this figure by more than 5 times, bringing it to 1308 billion.
Read More : https://bitcoinnews.com/tragedy-of-fiat-money/
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Read More : https://bitcoinnews.com/tragedy-of-fiat-money/
#bitcoinnews #bitcoin #assetprotection #business #centralBank #culture #economics #financial #freedom #fundamentals #government #history #ideology #inflation #lifestyle #politics #regulation #saving #society #technology
Bitcoin News
The Tragedy of Fiat Money
Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.