The Emperor Who Tried to Bring Sound Economics Back to Rome

History records countless examples of currency debasement, i.e., the steady reduction in a money’s precious metal content or “backing” (principally gold or silver), followed in modern times by the introduction of fiat (unbacked) paper money, which then depreciates as governments print more and…#woodrowwilson #federalreserveact #greatdepression #franklinroosevelt #lyndonjohnson #richardnixon #williammckinley #ronaldreagan #goldstandardact #civilwar

Source: Reuters: Health - August 2, 2023 Category: Consumer Health News Source Type: news