Unbacked Money’s Inevitable Collapse
Oct 27th, 2008 | By Adrian Ash | Category: Currencies, Economics
“You can’t blame the king of Persia for printing up money no one could trust. His neighbors in China were doing the same, after all, and with the same inevitable consequences, too...”
Creating money from nothing to try and keep the economy stoked is far from a modern invention.
Mistaking extra money ...read more
