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← Debasement Across History
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Question
What is the common thread connecting Roman coin debasement and modern hyperinflation in Zimbabwe?
1
Both were caused by foreign military invasion
2
Both were caused by excessive lending by private banks
3
Both resulted from natural disasters that destroyed productive capacity
4
Both involved governments reducing the real value of their currency to fund expenditures they could not cover through taxation or borrowing
Press 1–4 to pick an answer
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