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To: TheOldLady

LOL! What? They printed more bronze?


What was once pure silver/gold become alloys, coins were clipped or made smaller, common copper replaced precious metals for the same stated face values. In fact, the Romans engaged in serious “money printing” and highly inflationary policies such as price controls, or controls on labor (forcing labor to stay on the farms) which led to the system of serfdom in the middle-ages.

There is nothing new under the Sun. Mankind keeps making the same mistakes over and over again.


27 posted on 09/10/2009 10:18:16 PM PDT by PGR88
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To: PGR88; seowulf
There is nothing new under the Sun. Mankind keeps making the same mistakes over and over again.

So, they coined more "gold." Nothing new indeed.

Yes, after I posted, I realized that we have done the same with our coins. Pennies aren't copper, and silver coins aren't silver. Goodness gracious, what's next? The nickel?

Then I saw that seowulf mentioned the same thing. Sigh... I'm never too old to learn about perfidy in gubmint.

32 posted on 09/11/2009 3:12:49 AM PDT by TheOldLady
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