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There was a real world example akin to the alchemists getting their wish of making gold and finding out that that destroyed the value of it -- Spanish coloniali
by jhbadger 11mo ago
There was a real world example akin to the alchemists getting their wish of making gold and finding out that that destroyed the value of it -- Spanish colonialism. Spain brought back tons of silver and gold from the New World and instead of making them wealthy it crashed their economy by hyperinflation.
https://www.worldhistory.org/article/2045/the-gold-of-the-conquistadors/ https://www.worldhistory.org/article/2045/the-gold-of-the-co...
- IAmBroom 11mo agoAnd cochineal red dye, which outvalued the gold they brought back. But that doesn't negate any point your making; it's simply another constituent. I wonder if there was a surge in red clothing immediately after... perhaps followed by the wealthy disdaining it.