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...
Tag: stable value
Your Two Monetary Choices
Today, there is a spreading awareness that our monetary situation is rather rotten. Leaving things up to central bankers, who are obviously making it up as they go along, has not worked out very well....