To at least some extent, that is true. In a lesson to today, the Mongols introduced paper money. The result was a short lived economic boom until the inflation kicked in. Which is why the Chinese today, in a sort of lived cultural memory, are not the biggest fans of fiat currency.

To at least some extent, that is true. In a lesson to today, the Mongols introduced paper money. The result was a sort lived economic boom until the inflation kicked in. Which is why the Chinese today, in a sort of lived cultural memory, are not the biggest fans of fiat currency.