At the end of the Revolutionary War we printed tons of paper money to induce inflation. It was a way for us to retire our debts from the war at a fraction of their real value. I don't think that is the plan this time around.
That's a good example and I think you're saying we retired the debt at a fraction of the cost by screwing over anyone that was paid in that Continental currency and saved it.
Rome is a good example imo because Nero debased silver then replaced it with "worthless" copper, then debased that to collapse. Interesting to note the US can't afford silver since the 60's and then couldn't afford copper about 30 years ago.
What I know of Henry VIII is that he debased his Coinage to pay for divorces, war ect. and Elizabeth I had to clean it up by issuing new intrinsic Coinage that was pure.
All 13 Colonies had their own paper currency I think all were inflated tremendously at least most pretty sure. I'm iffy on that though.
Continental dollar was printed past hyperinflation to pay soldiers mostly I think and I'm pretty sure the term "confetti" was born at this time. Alexander Hamilton had to fix that by defining and pegging the silver dolera to gold. This is why noone can find the definition of a Dollar in the US. They always stop at the Constitution but the definition is contained in the Continental Congress.
Weimar Republic printed to hyperinflation, collapse; but not before a national gun registry of course all immediately siezed upon by Hitler.
Argentina has never really recovered from the 1950's but they still manage to make the quite high quality (imho) Bersa TPR series of firearms.
Zimbabwe literally printed a hundred trillion dollar bill. Weren't we about to mint a trillion dollar coin not long ago?
Pretty sure we can officially add Sri Lanka to that list too but hey, they still rocking that 98 near-perfect ESG score.
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