War Cannot Stop the "Money Printing Machine" of Nations

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Nothing can stop the expansion of money supply—even war. During major conflicts, governments always increase the money supply to fund military and economic needs. In World War I (1913–1920), the US increased M2 money supply by about 117%. During World War II (1939–1948), the US monetary base grew by 149%, and M2 increased by nearly 200%.

France also followed this trend, nearly quadrupling its money supply (~300%) during World War I. The most extreme case is Nazi Germany in World War II (1938–1945), with an increase of about 432%. These figures reveal a recurring pattern: the larger the war, the greater the monetary expansion, leaving long-term impacts on the economy.

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