Re:What the Fluck
by dredmorbius on Friday December 06, 2013 @02:25AM
(#6859912)
typeo
Fixed. Thanks.
As for commdity/specie currencies, I like to point to the history of devaluation of the Roman Denarious (from 99% pure to around 4% silver) or of Adam Smith's very long exploration of devaluation of each of the three metalic standards of British currency (copper, silver, and gold -- no wonder pre-decimalised denominations were so confusing).
Fixed. Thanks.
As for commdity/specie currencies, I like to point to the history of devaluation of the Roman Denarious (from 99% pure to around 4% silver) or of Adam Smith's very long exploration of devaluation of each of the three metalic standards of British currency (copper, silver, and gold -- no wonder pre-decimalised denominations were so confusing).