From a pure economics POV, yes, 100%.

Raison d'État

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Kind-1 (TextNote)

2026-08-23T06:45:45Z

↳ Reply to Event not found

2c0bebe813196e5d8c715238bb215cc97b0846bcca149016d30e0aa0a14c0588...

From a pure economics POV, yes, 100%.

Bad tools like debasement do have political uses for the political class, though. Some of them aren't even entirely harmful. Debasement/depreciation is one of very few mechanisms by which politicians can quickly address price overhang, for example, in the valuation of both consumer goods and capital assets.

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