“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency”
— Vladimir Lenin
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Simplified Meaning:
When the value of money is intentionally lowered by printing too much or manipulating it, it slowly causes big problems in society. Imagine you have saved some money. If the government keeps printing new money without backing it up, the value of your savings drops because prices for things you need go up. This can create distrust in the financial system. For instance, in the early 1920s, Germany printed a lot of money to pay for its debts, which led to hyperinflation. People needed wheelbarrows full of money just to buy bread. The economy collapsed, and it became very difficult for people to trust their money and government again. To avoid this, leaders should handle money wisely to maintain people's trust and ensure a stable society.
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Currency Economic stability Economics Inflation Monetary policy Social change Society Wealth distributionFEATURED QUOTES
