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ArtistBig2549 t1_j68ceqn wrote

when people hoard/collect some amount of money like this does it have an effect on the economy (inflation)?

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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

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ArtistBig2549 t1_j68kj2b wrote

thanks for the explanation, I'm not very knowledgeable about monetary system.

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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.

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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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