3 ms·

Currency debasement is a pretty ancient phenomenon. It’s also not usury.

• gher-shyu3i 6y ago
  The usury comes from the government taking loans with interest, so it is forced to print more money to cover its deficits which keep growing due to interest.
  • the_only_law 6y ago
    Funny enough this is exactly what happened my last EU4 game.
  • zo1 6y ago
    Printing money is the problem there, not interest. If you banned interest/loaning, you could still end up having inflation because government would print money (or do other things such as https://en.wikipedia.org/wiki/Coin#Debasement_and_clipping https://en.wikipedia.org/wiki/Coin#Debasement_and_clipping ).
    • gher-shyu3i 6y ago
      It's a combination of interest as well as printing money. Interest keeps the deficit growing, forcing the government to print money. If we switch to a non-inflationary currency not at the control of a single entity, these wouldn't happen.