The Inflow of Money

Milton Friedman and Anishwartz had no concept of all of what money is. Money is, most people think of it as an asset, what you have in your pocket. All monetary assets have debt on the other side of the balance sheet. Most currency is $100 bills and their shrink wrap sent in airplanes to pay Al-Qaeda,. Michael: Every hyperinflation in history has resulted from trying to pay foreign debt. It's by dumping your currency on the foreign exchange market to pay debts denominated in another currency.