There is an island in the Pacific called Yap that uses circular stones as currency. The stones are too large to move so the ownership of the stones is passed by word of mouth to transact business http://ow.ly/LxJV30mpIqe pic.twitter.com/XhwqSVBkiH
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That rai stones became bigger because of inflation is an amazingly ingenious way of dealing with money printing!
With paper money inflation can also involve a literal inflation of size, due to inflated quantity. This is 1920s Germany:pic.twitter.com/mUz993UdyK
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Children always find a better use for fiat moneypic.twitter.com/8gJV0TDud5
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Well, these are stacks of bills that no longer had a purpose. Like, if a loaf of bread costs 1,000,000, what do you still need 100 Marks bills for?
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Pics from modern-day
#Venezuela might provide some illustrations bringing the point a little closer home to the present moment.Thanks. Twitter will use this to make your timeline better. UndoUndo
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To the point intrinsic value of paper money is superior to the money value
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stacking sats
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