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Hongwu was unaware of economic inflation even as he continued to hand out multitudes of banknotes as awards; by 1425, paper currency was worth only 0.025% to 0.014% its original value in the 14th century.[13] {quote} Hey! that's only about 2% inflation a year, today a conservative inflation target that would achieve price stability at the cost of full resource utilization, i.e. employment.

This article was the subject of a Wiki Education Foundation-supported course assignment, between 7 January 2019 and 23 March 2019. Further details are available on the course page. Student editor(s): Yuj004.

Above undated message substituted from Template:Dashboard.wikiedu.org assignment by PrimeBOT ( talk) 10:26, 18 January 2022 (UTC) reply