keannu
VIP Member
- Joined
- Dec 27, 2010
- Member Type
- Student or Learner
- Native Language
- Korean
- Home Country
- South Korea
- Current Location
- South Korea
I'm sorry this is a kind of economics-related question, but when they "debase the currency" for financing, do they actually lower the absolute value of the currency?, then how does the government get more money from it?
ex) The Roman Empire began when Rome discovered it could increase its energy supply by conquering its neighbors and commandeering their grain production and labor in the form of slavery to sustain its own needs. At first, the system worked well and Rome became wealthy....All of these required financing, either by taxes or by debasing the currency....
ex) The Roman Empire began when Rome discovered it could increase its energy supply by conquering its neighbors and commandeering their grain production and labor in the form of slavery to sustain its own needs. At first, the system worked well and Rome became wealthy....All of these required financing, either by taxes or by debasing the currency....