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<p>[QUOTE=&quot;medoraman, post: 1410217, member: 26302&quot;]Ok, start of a rant. Please move on if you don&#039;t want to read it.</p><p><br /></p><p>I just wonder why so many people like to punk the US and think its a symptom of our demise how our coins are become more debased. Our nickle is the same composition since 1866, (save wartime emergency). What other country on earth has ever had such a result? I have never heard of such a thing and I am talking the entire span of coinage history. Its an amazing feat, yet doom and gloomers act like it proves we are on our way down. Most other nations had added 5 zeros or more to their money in that timeframe, or it collapsed entirely. </p><p><br /></p><p>Inflation is a simple fact of human civilization. Did silver and gold coins prevent the British from having to change the penny to a copper coin? Did gold or silver prevent massive inflation in ancient Rome or most other civilizations? I can sort chronologically by size coins produced in 8 different Chinese dynasties. EVERY SINGLE ONE had currency debasement in a couple of hundred years, and this was with a slow, agricultural economy. You put the massive economy type of ours in any of those civilizations hands and our nickel could have stayed the same composition for a generation at most.</p><p><br /></p><p>People keep talking about putting silver into coinage as a cure. Well talk to our neighbors to the south. They tried repeatedly and all it did was chase coinage from circulation. </p><p><br /></p><p>Human nature always wants something for nothing, they want stuff from government and don&#039;t want to pay taxes. This is as old as civilization, and it causes inflation. To those who wish to demonize &quot;banksters&quot; or whatever, well how successful was communist Russia from preventing inflation? I am pretty sure the &quot;banksters&quot; or whoever weren&#039;t running the country there. Who was the big bad &quot;banksters&quot; in ancient Rome where banks physically did not exist?</p><p><br /></p><p>Fact is we should have changed our money a long time ago, and we were so extremely fortunate to have the run we did its basically unprecedented in modern society. </p><p><br /></p><p>Ok, end of rant. Sorry.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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