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Debasement all around: lessons from 16th-century inflation

The Intelligence from The Economist

CHAPTER

Currency Debasement and Cultural Persistence

This chapter examines the historical impacts of currency debasement in the 16th century and its relation to inflation, while also highlighting the traditional lifestyle of the Badui people in Indonesia. It contrasts the choices and challenges faced by individuals moving from the Inner to Outer Badui, illustrating the tension between preserving ancestral traditions and embracing modernity.

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