Colin Drumm on Misconceptions about Medieval Society and Modern Money
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Exploring the Historical Context of Money and Debates on Stability
This chapter delves into the complexities of the historical aspects of money, including the use of tally sticks as credit instruments, economists' views on money and credit, and the establishment of the gold standard in the 19th century. It also discusses the correlation between stable money and financial instability, debates on currency debasement, and the role of exchange bankers in fund transfers. The chapter further explores the challenges of using hard money in medieval England, the implications of coin debasement in different historical contexts, and the dynamics of debasement actions by Roman emperors for fiscal gains.
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