WEBVTT

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yes money can indeed become worthless

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Zimbabwe is the most popular recent

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example of hyperinflation believe it or

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not they even printed a 100 trillion

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dollar bill earlier in the 20th century

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the same thing happened to Germany after

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World War 1 and historic examples abound

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how can something this dramatic happen

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you need to understand that money is

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just paper or numbers on a screen

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it only has value if people accept it as

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a medium of exchange in other words you

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only accept money for your goods or

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services because you know others will do

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the same now let's assume a revolution

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takes place in your country and those

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who take over print lots of mine then

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hand that money to everyone at the

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beginning people might be tempted to

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celebrate but eventually too much money

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will end up chasing a limited number of

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goods and confidence will disappear a

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loaf of bread can go from costing one

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unit of currency to costing a trillion

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eventually no matter how many zeros you

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add to a bill nobody will want it the

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end