I recall reading in The Creature From Jekyll Island that the Byzantine empire minted gold and silver pieces with fixed weights; and that anyone who filed, chipped or falsely forged any would have their hand cut off. The empire survived over 800 years without falling into debt or having its money devalued.
Unfortunately we live in a world where the elites do pretty much whatever they want with no penalty, and most of the population chooses not to resist it.
I recall reading in The Creature From Jekyll Island that the Byzantine empire minted gold and silver pieces with fixed weights; and that anyone who filed, chipped or falsely forged any would have their hand cut off. The empire survived over 800 years without falling into debt or having its money devalued.
Unfortunately we live in a world where the elites do pretty much whatever they want with no penalty, and most of the population chooses not to resist it.