The Emperor Who Tried To Bring Sound Economics Back To Rome (And Paid With His Life) – OpEd
Published
By Lawrence W. Reed
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 more of...