Reshad Mubtasim-Fuad

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In the end, the government gave up even trying to suppress the informal economy. Instead, they swung the other way entirely: they stopped issuing paper money, legalized the mines, allowed silver bullion to become the recognized currency for large transactions, and even gave private mints the authority to produce strings of cash.6 This, in turn, allowed the government to gradually abandon the system of labor exactions and substitute a uniform tax system payable in silver.
Debt: The First 5,000 Years
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