The Crypto Winter

georgemw at speakeasy.net georgemw at speakeasy.net
Mon Nov 19 10:05:51 PST 2001


On 18 Nov 2001, at 20:37, CDR Anonymizer wrote:


> >Anonymous:
> >> but why did governments engage in the vigorous and frequent
> >> application of bayonets and batons to render their money
> >> independent of precious metals?
> >
> >Because they could.
> 
> This goes beyond gratuitous demonstration of power and ability,
> there is an economic reason behind it all.  
> What is / their / economic reason?
> 
> 

They wanted to be able to pay off their debts with devalued money.

George





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