flix on Nostr: "Cum princeps monetæ pondus aut qualitatem imminuit, retinendo eundem valorem ...

"Cum princeps monetæ pondus aut qualitatem imminuit, retinendo eundem valorem nominalem, subditos fallit, et quidquid ad eos pertinet sibi vindicat; eis iniquam vectigalem imponit latentem, totamque rempublicam perturbat pretiis augentibus."

"When the prince reduces the weight or quality of the coin, retaining the same nominal value, he deceives his subjects, takes for himself what belongs to them, imposes on them an unjust hidden tax, and disturbs the entire economy by increasing prices."

Juan de Mariana. De Monetae Mutatione, 1609