Same Debasement, Different Empire. Seen at my local museum

Saw this at my local museum yesterday.

Rome continually debased its silver coins until they were base metal with a thin silver coating.

• Prices rose as merchants demanded more
• Draconian price controls were implanted and failed
• Trust in state issued money eroded
• The economy suffered
• The loyalty of soldiers and workers broke along with the money
• The whole system started to breakdown

Romans had no alternative, and the rest is history.

Today, gold and silver are rising for the same reason: people are waking up to our modern version of coin clipping, and with mounting debt, they anticipate further debasement.

This time we have Bitcoin — a monetary system designed to work without trust, across borders, in a digital world.