Wednesday, July 23, 2008

Mariana Fights Inflation, 1605

Although its form has changed over the years, inflation has been with us since at least the days of ancient Rome. Inflation then was accomplished by debasing the currency, a process that involved reducing the amount of precious metal in coinage without changing the legal value of the coins. The federal reserve does this now and admits to it.

read more | digg story

No comments: