In our new book Inflation, we talked about the example of Henry VIII of England, who, in 1544, undertook the “Great Debasement” of the long-reliable British silver penny. The silver content of the coi...
In our new book Inflation, we talked about the example of Henry VIII of England, who, in 1544, undertook the “Great Debasement” of the long-reliable British silver penny. The silver content of the coi...