Charles P. Kindleberger Quotes About Municipality

We have collected for you the TOP of Charles P. Kindleberger's best quotes about Municipality! Here are collected all the quotes about Municipality starting from the birthday of the Author – October 12, 1910! We hope you will be inspired to new achievements with our constantly updated collection of quotes. At the moment, this page contains 1 sayings of Charles P. Kindleberger about Municipality. We will be happy if you share our collection of quotes with your friends on social networks!
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  • Debasement was limited at first to one’s own territory. It was then found that one could do better by taking bad coins across the border of neighboring municipalities and exchanging them for good with ignorant common people, bringing back the good coins and debasing them again. More and more mints were established. Debasement accelerated in hyper-fashion until a halt was called after the subsidiary coins became practically worthless, and children played with them in the street, much as recounted in Leo Tolstoy’s short story, Ivan the Fool.

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