The experience of Argentina in the late 1980s illustrates the point that

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The experience of Argentina in the late 1980s shows that for money to be accepted, households and firms must have faith in the money's value and its widespread acceptance as a medium of exchange. This implies that money must have value in the eyes of the people who use it, rather than necessarily being backed by gold or other assets. While high inflation rates can cause economic problems, even low-inflation countries can experience other economic issues. The link between the growth of the money supply and inflation can be weak, depending on a range of other economic factors.

The Experience of Argentina in the Late 1980s Illustrates the Point