House of Money is a Netflix series about a group of criminals who raided a banknote printer in Spain to print their own money.
In the end it is around 2.4 billion euro. Out of nowhere.
Shouldn't that lead to inflation?
In theory, of course. I realize this is only fictional
Naturally. But we have inflation all the time (at least if everything goes as the financial jugglers imagine).
Incidentally, you don't have to print money illegally for this. It is sufficient to make a profit on the stock exchange, with financial investments or through interest rate trading.
The entire currency area is constantly being inflated. But this weakening of purchasing power is spread across all incomes, while the profit from such an action remains with you.
Exactly. The damage to the euro area is therefore greater than just 2.4 million
PS: a spoiler warning would be good.
You're right. Whereby 2.4 billion is not that much money to trigger a really noticeable inflation for the euro area.
The total value of all euro banknotes is around 1.5 trillion euro (source: https://www.ecb.europa.eu/stats/policy_and_exchange_rates/banknotes+coins/circulation/html/index.de.html).
2.4 billion additional euro would only represent a change in the per mille range, so it would probably hardly be statistically noticeable.
"Mille" means 1000 :)
