
133 - A Brief History of Inflation In The Roman Empire
No Dumb Questions
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Debasement, Is It a Mineral?
Debasement is when i take the actual mineral content of a coin, and I dilute it with some others. So they dilute it, and then they pass it off as if it's the same value. But it's not the same value, ok? In the implications of that, at first you might be able to do it, and it might work, but as it gets less and less valuable, then people catch on. And so eventually you only have the fiat value of the currency, which is ther ego. You just can't make a thing worth something by decree. Truth isn't made by by force in the market, from the top down. It's worth something
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