This critique also goes back to Socrates/Platos' story on the vote between the dentist and the sweet shop owner. Bribes with a year of sweets won the crowd over the dentists' rational guidance to fixing core problems.
Voting themselves into the reserves, or new mint, is one of a few ways democracies die.
Indeed, the fall of the Roman Empire was in lockstep with the debasing of its currency!
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That and complete human debauchery. That’s assuming the Roman Empire story is even real.
