> If governments were funded solely through coercion, and not through debasing currencies, it would be incredibly expensive for them to fund their blood thirsty endeavors.
In particular that means governments funded through debasement would be able to conquer governments funded through coercion, and then use the plunder to back their "debased" currencies.
Manufactured Psychopathy, How To Demand Peace In A World At War
> If governments were funded solely through coercion, and not through debasing currencies, it would be incredibly expensive for them to fund their blood thirsty endeavors.
In particular that means governments funded through debasement would be able to conquer governments funded through coercion, and then use the plunder to back their "debased" currencies.