Debasement

Go downstairs to get to...debasement.

Debasement refers to lowering the value of money. It originally came from Emperor Nero’s practice of adding other metals to Roman gold coins to increase the money supply, or rather, dilute the density of gold in a metal coin and streth the shiny yellow stuff...further.

Weimar Berlin, which had rampant inflation, tried to print additional Deutsche Marks to cover its World War I debts in the 1920s. Venezuela recently underwent its own version. We in the modern Western world use the less onerous and perjorative term, "Quantitative Easing." It’s all the same thing throughout history...printing funny money under government supervision and approval.

That is...when in doubt, print more money.

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