debasing coinage

简明释义

降低铸币成色

英英释义

例句

1.In modern economics, debasing coinage can occur through excessive printing of money without backing.

在现代经济学中，贬值货币可能通过无支持的过度印钞而发生。

2.The king's decision to mint coins with less silver was seen as debasing coinage by the merchants.

国王决定铸造含银量更少的硬币被商人视为贬值货币。

3.Historically, many empires fell due to the practice of debasing coinage, leading to inflation and loss of trust.

历史上，许多帝国因实施贬值货币而崩溃，导致通货膨胀和信任丧失。

4.Investors are wary of countries that engage in debasing coinage as it often signals economic instability.

投资者对那些进行贬值货币的国家持谨慎态度，因为这通常预示着经济不稳定。

5.The government's decision to reduce the gold content in their currency is a classic case of debasing coinage.

政府决定减少货币中的黄金含量是一个经典的贬值货币案例。

作文

The concept of debasing coinage has been a significant topic throughout history, particularly in the context of economic stability and trust in currency. To debasing coinage means to reduce the intrinsic value of a currency by lowering the amount of precious metals it contains or by altering its composition. This practice can lead to inflation, loss of confidence among the populace, and ultimately, economic turmoil.Historically, many governments have resorted to debasing coinage as a means of addressing financial crises. For example, during times of war or economic hardship, rulers might choose to mint coins with less silver or gold, effectively increasing the money supply without the backing of actual precious metals. While this may provide a short-term solution to financial woes, it often leads to long-term consequences that can destabilize an economy.One of the most famous instances of debasing coinage occurred in ancient Rome. As the Roman Empire expanded, the demand for money increased. To meet this demand, emperors began to dilute the silver content of coins, which initially allowed them to fund military campaigns and public works. However, as the quality of the currency diminished, so did public trust. Citizens began to hoard older coins that still contained higher silver content, leading to a further devaluation of the new currency. This cycle of debasing coinage not only contributed to inflation but also played a role in the eventual decline of the Roman economy.In modern economies, the practice of debasing coinage can take on different forms, such as the manipulation of interest rates or quantitative easing. Central banks may lower interest rates to stimulate borrowing and spending, but if taken too far, it can lead to excessive money supply and devaluation of currency. The balance between stimulating economic growth and maintaining the integrity of the currency is a delicate one; central banks must navigate these waters carefully to avoid the pitfalls of debasing coinage.Moreover, in today’s globalized economy, the repercussions of debasing coinage are felt beyond national borders. When a country devalues its currency, it can lead to trade imbalances and tensions with other nations. For instance, if one country engages in debasing coinage, it can make its exports cheaper and more competitive, putting pressure on trading partners and potentially leading to retaliatory measures.In conclusion, while debasing coinage may appear as a tempting solution to immediate financial challenges, history has shown that it often leads to deeper economic issues. The erosion of trust in currency can have far-reaching consequences, affecting not only the domestic economy but also international relations. Understanding the implications of debasing coinage is essential for policymakers and citizens alike, as it serves as a reminder of the importance of maintaining the integrity of our financial systems. The lessons learned from past practices should guide us in making informed decisions that promote stability and trust in our currencies, ensuring a healthier economic future for all.

“贬值货币”这一概念在历史上一直是一个重要话题，特别是在经济稳定和货币信任的背景下。“贬值货币”指的是通过降低货币中所含贵金属的数量或改变其成分来减少货币的内在价值。这种做法可能导致通货膨胀、公众信任的丧失，以及最终的经济动荡。历史上，许多政府在应对金融危机时选择了“贬值货币”。例如，在战争或经济困难时期，统治者可能会选择铸造含银或金量较少的硬币，从而有效地增加货币供应，而不需要实际的贵金属支持。虽然这可能为解决财政困境提供短期解决方案，但通常会导致长期后果，可能会使经济不稳定。“贬值货币”的一个著名实例发生在古罗马。随着罗马帝国的扩张，对货币的需求增加。为了满足这种需求，皇帝们开始稀释硬币的银含量，这最初使他们能够资助军事行动和公共工程。然而，随着货币质量的下降，公众信任也随之降低。市民开始囤积那些仍然含有较高银含量的旧硬币，从而进一步贬值新货币。这种“贬值货币”的循环不仅导致了通货膨胀，还在罗马经济最终衰退中发挥了作用。在现代经济中，“贬值货币”的做法可以采取不同形式，例如利率操控或量化宽松。中央银行可能会降低利率以刺激借贷和消费，但如果过度进行，可能会导致货币供应过剩和贬值。刺激经济增长与维持货币完整性之间的平衡是微妙的；中央银行必须谨慎行事，以避免“贬值货币”的陷阱。此外，在当今全球化的经济中，“贬值货币”的后果超越了国界。当一个国家贬值其货币时，可能会导致贸易不平衡和与其他国家的紧张关系。例如，如果一个国家进行“贬值货币”，将使其出口变得更便宜且更具竞争力，从而给贸易伙伴施加压力，并可能导致报复措施。总之，尽管“贬值货币”看似是解决即时财务挑战的诱人方案，但历史表明，它往往会导致更深层次的经济问题。对货币信任的侵蚀可能产生深远的后果，影响国内经济，也影响国际关系。理解“贬值货币”的影响对于政策制定者和公民而言至关重要，因为它提醒我们维护金融系统完整性的重要性。过去实践中获得的经验教训应指导我们做出促进稳定和信任的明智决策，确保我们所有人的经济未来更加健康。