At the height of the Roman Empire the common silver coins in use were between 70% and 80% silver. When Rome fell the coins were about 8% silver. As it declined, the emperors collected coins, melted them down, added more copper and reissued them. Our beloved Federal Reserve is doing something pretty similar.
At the height of the Roman Empire the common silver coins in use were between 70% and 80% silver. When Rome fell the coins were about 8% silver. As it declined, the emperors collected coins, melted them down, added more copper and reissued them. Our beloved Federal Reserve is doing something pretty similar.
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