Currency debasement is a phrase that gets tossed around. It is also something that is misunderstand. Once again, what was historically accurate 100 years ago is no longer the case.
In this video I discuss how the concept of currency debasement in a commercial bank monetary system is unfounded. The very premise of what gives a currency value goes against this concept. Of course, this is in stark contrast to the money printing central banks did under the banknote era.
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