Viewing a single comment thread. View all comments

Just_Jen_1 t1_j29hemn wrote on December 30, 2022 at 4:52 PM

Reply to comment by Just_Jen_1 in eli5: Why couldn't a country in debt mint a coin of immense value and use it to pay off the debt? by Derikoopa

Further to this, all exported goods cost more to bring in. This is how it effects the poor. If the poor don't get a proportional increase, then basic goods cost more. The poor get poorer.