"Princes and sovereign states have frequently fancied that they had a temporary interest to diminish the quantity of pure metal contained in their coins; but they seldom have fancied that they had any to augment it. The quantity of metal contained in the coins, I believe of all nations, has accordingly been almost continually diminishing, and hardly ever augmenting."

Glad to know nothing has changed since the birth of economic philosophy.

And in other news, NPR had a segment this afternoon explaining how MBS are a great investment vehicle and the market for these assets are what allow you to lock in that low interest rate.

Did someone turn the clock back to 2001?

#plebchain

#nostr

Same shit different decade