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<p>[QUOTE=&quot;chrisild, post: 2884611, member: 39&quot;]Uh-oh. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" /> Inflation has been around for at least two millennia, probably longer. Do a search for Diocletian and inflation for example. And wasn&#039;t it Nero who had various coins debased because he needed to finance his ambitious projects? Or take that silver that the Spaniards brought to Europe from South America - what happens if you create more &quot;precious&quot; metal but do not increase the number of products and service that it can buy?</p><p><br /></p><p>Right, your gold coin above (nice piece!) was worth its value in gold back then. But of course that value fluctuated. And for most people, gold was not anything they would use or even see in everyday life. The money that they did use, however, would lose its value whenever a ruler decided that it was time to replace silver by copper, or to make a denomination smaller, or when other circumstances made that necessary. No inflation? Phhhh ...</p><p><br /></p><p>Christian[/QUOTE]</p><p><br /></p>

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