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Capitalism could be gone quite quickly

smelisox
Posts: 850
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6/3/2015 6:19:47 AM
Posted: 1 year ago
If someone who owned a money printing factory could print several million pounds/dollars/euros in an afternoon, and protect his factory from being shut down, he could easily destroy that currency in a matter of hours by mimicking what the Germans did between both Wars. With a loaf of bread costing billions of dollars, capitalism would die.
ben2974
Posts: 767
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6/3/2015 9:03:49 AM
Posted: 1 year ago
At 6/3/2015 6:19:47 AM, smelisox wrote:
If someone who owned a money printing factory could print several million pounds/dollars/euros in an afternoon, and protect his factory from being shut down, he could easily destroy that currency in a matter of hours by mimicking what the Germans did between both Wars. With a loaf of bread costing billions of dollars, capitalism would die.

Pretty sure that's illegal.
Lexus
Posts: 169
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6/3/2015 9:43:44 AM
Posted: 1 year ago
Except this would never happen in an uncorrupt country.
BTW there are no privately owned money printing factories in the US so the basis for your argument is flawed at its core