It sounds like you are describing hyperinflation of the kind experienced in Germany in 1922 and 1923. It can cause chaos where people have to spend money as fast as they can get it or they lose value and in extreme cases it becomes cheaper to burn money than to buy firewood with the money.
A more moderate level of inflation though will not cause such problems and a modest and predictable level of inflation can be beneficial to economies.
Comments
It sounds like you are describing hyperinflation of the kind experienced in Germany in 1922 and 1923. It can cause chaos where people have to spend money as fast as they can get it or they lose value and in extreme cases it becomes cheaper to burn money than to buy firewood with the money.
A more moderate level of inflation though will not cause such problems and a modest and predictable level of inflation can be beneficial to economies.