This is a great tweet.
I'd take your observation further though ...
This is most wars in history. WW1 clearly more so, though.
Debasing the money to fund wars that were actually just feuds between elites goes at least as far back as the Romans.
This is a great tweet.
I'd take your observation further though ...
This is most wars in history. WW1 clearly more so, though.
Debasing the money to fund wars that were actually just feuds between elites goes at least as far back as the Romans.
True. However physical coin debasement is more obvious than hidden fiat inflation.
The level of deception in our modern monetary system is historically unparalleled.