dollar decline

I dreamed I saw Bernard von NotHaus, alive as you or me. Said I, “But Bernard, you’ve been jailed two years.” “I never was,” …

Kings used to “clip” and “sweat” coins constantly to pad the government treasury. Coins would be called in and filed around the edges, with the resulting loose metal coined into new currency for the government to spend. This practice has gone the way of the buggy whip, with the Federal Reserve conjuring up billions from the ether with the ease of a keystroke.