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Doubt. But it is necessary to doubt the validity of the existing doctrine, as
It becomes clear, she leans against what fragile basis.
We cannot track in details malicious activity of governors on
Monopolisations of money further an epoch of the Greek philosopher Diogena, which else in IV
Century B.C. has named money politics tricks in a bone. But since
Ancient Rome up to XVII century when paper money has started to play
Considerable role, the history of stamping of a coin is almost continuous chain of damage
Or constant decrease in the maintenance of precious metal in coins and
Corresponding growth of all consumer prices.
Anybody yet has not written an exhaustive history of these events. It would be too
Monotonous and sad history. But I think, as exaggeration will not consider that
The mankind history is substantially inflation history, and
The inflations, arranged with the governments and for the sake of profit the governments, though
Opening of new sources of gold and silver in XVI century has made
Similar effect. Historians again and again tried to justify inflation,
Asserting that thanks to it the periods of the fast economic became possible
Verner Zombart 2nd Edition, vol. II, 1916/17, Wemer Sombart, Der moderne Kapitalismus, Leipzig and
Munich, and to it Archibald Alison Archibald Mison, 1833,
History of Europe, London, vol. I and others. Books of the Field of Bart see about them,
Devoted the whole chapter "Stories as functions of value of money", and Maryannas Fon
- Archiv fur Sozialwissenschaft und Sozialpolitik, 56/3, Marianne von Herzfeld, "Die Geschichte als Funktion der
1926> which, however, are obviously denied by a reality: the prices in England and
The United States in the end of the periods of the fastest development of these countries
Remained almost at the same level, as well as two centuries earlier. But people,
Anew opening for itself this fact, are usually unfamiliar with earlier
Time or local deflation in the early Middle Ages
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