VDH UltraCivilizational Killers. Part Two. Debt and Inflation
Victor Davis Hanson Debt and its twin inflation destroy civilizations. Ancient coins were sometimes called “redheads” as the raised impressed silhouettes of grandees stamped on “silver” coins were the first to have their silver veneers worn away revealing the “red” bronze beneath. Our paper money is similarly becoming less and less valuable, the more we […]
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