Some of the first Euro coins from when they first got introduced to Germany, still in its original packagingArtistBig2549 t1_j68ceqn wrote
when people hoard/collect some amount of money like this does it have an effect on the economy (inflation)?
666ass999 OP t1_j68etky wrote
honestly doubt it, theres people that keep much more cash at home because they dont truat the banks (which may effect the economy) but for a little amount like this it shouldnt make much of a difference
ArtistBig2549 t1_j68kj2b wrote
thanks for the explanation, I'm not very knowledgeable about monetary system.
VoxulusQuarUn t1_j694wwp wrote
People collecting small amounts of currency like this is not causing inflation. People hoarding large amounts of capital in a bank (or elsewhere) does cause inflation.
Gyoza-shishou t1_j6a0k7h wrote
Also buying up properties as an investment is what destroys housing markets. As well as shorting companies on the stock market. And avoiding taxes with shady accounting practices. But remember, it's the poors who are ruining the economy!
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