Spoken like a true hard money Denethoristhttps://twitter.com/mytholder/status/728002323725877248 …
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@arthur_affect this is not really an accurate depiction of colonial-era economics :V -
@arthur_affect those societies suffered relatively little inflation because that influx of wealth wasn't spent on everyday goods - Show replies
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Spain and Portugal basically ran an expansionary monetary policy that required thousands of people to die in the silver mines
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@arthur_affect yes, but it was problem that they removed Jews and Muslims, who helped their monetary system function. - Show replies
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@arthur_affect AKA Europa Universalis lesson 1.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@arthur_affect Well, not always good, but money supply should match economic growth, which Europe was experiencing then after Black Death.Thanks. Twitter will use this to make your timeline better. UndoUndo
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