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<p>[QUOTE=&quot;Gam3rBlake, post: 8215248, member: 115909&quot;]Oh well I mean the Romans knew that the denarius was always “technically” a fiat currency.</p><p><br /></p><p>The face value was always significantly above the actual silver value. From what I’ve read the denarius was valued at 10 grams of silver in terms of purchasing power yet only contained 4 when it was first minted. (Note: I may have the numbers wrong but the concept is correct in terms of face value exceeding intrinsic PM value)</p><p><br /></p><p>Even the early debasements were pretty much ignored by the people who continued to use it as they always have.</p><p><br /></p><p>I read about Roman debasement alot because I find it interesting. Especially since it’s a lesson that continues today.</p><p><br /></p><p>Our currency may not be gold &amp; silver anymore but mass printing of money is basically the modern equivalent.</p><p><br /></p><p>That’s why I prefer disciplined money creation.[/QUOTE]</p><p><br /></p>

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