writing, reading, travelling philosophizing, seeking out meaning in natural beauty and human connections,
11. Juni 2013
CLEOPATRA is a genius who invented multi-valued coins. To increase the money supply she simply created different valuations of coins, breaking the ancient use of weight where a coin with twice the value weighed twice as much. The markings rather than the metal content determined their value. A coin might feel light in the hand, but if Cleopatra said it was worth a tetradrachm, it was worth a tetradrachm. The arrangement was both lucrative to her and encouraged an export-driven economy.
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