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<p>[QUOTE="John Anthony, post: 1849810, member: 42773"]The common man wanted silver coins of high fineness, but the most notorious of the debasers, like Nero and Caracalla, wanted no such thing. The most important thing to any government, regardless of its politics, is the acquisition of revenue. Nero watered down the denarii so that the state had more silver to spend. Caracalla invented the antoninianus, which was supposed to circulate at the value of two denarii even though it contained only 1 1/2 times the silver.</p><p><br /></p><p>As the common man, what is your recourse? The only thing you can do is what all populations have done when it comes to debased issues: accept it as token coinage. Commerce must continue. The dollar isn't silver any more. Oh well, it's still called a dollar and I still need to buy stuff...[/QUOTE]</p><p><br /></p>
[QUOTE="John Anthony, post: 1849810, member: 42773"]The common man wanted silver coins of high fineness, but the most notorious of the debasers, like Nero and Caracalla, wanted no such thing. The most important thing to any government, regardless of its politics, is the acquisition of revenue. Nero watered down the denarii so that the state had more silver to spend. Caracalla invented the antoninianus, which was supposed to circulate at the value of two denarii even though it contained only 1 1/2 times the silver. As the common man, what is your recourse? The only thing you can do is what all populations have done when it comes to debased issues: accept it as token coinage. Commerce must continue. The dollar isn't silver any more. Oh well, it's still called a dollar and I still need to buy stuff...[/QUOTE]
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