Money's a Medium of Exchange

Money is a unit we can all use to compare the value of things, and it's a way to store value. With high inflation, money loses its value rapidly - people may stop trusting it,. It'll no longer be effective as a medium of exchange. Yet louis mentioned this happened in venezuela. People stopped using bolevards and have had to figure out other ways of doing business. Bardering can become common when money is losing its value so quickly. In venezuea, we hear about taxi drivers asking to be paid im food, for example. There are even facebook pages where people can barter all sorts of daily items with each other.