Avarices and injustice of princes and sovereign states

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1. In the Adam Smith essay, the origin and use of money, he ponits out the many reasons metals replaced perishable goods like cattle. Explain at least two of these reasons.

2. "I believe the avarices and injustice of princes and sovereign states abusing the confidence of their subjects, have by degrees diminished the real quantity of metal, which had been originally contained in the coins"coins. What does he mean by this statement? What is government doing to the money and for what purpose?

Reference no: EM133173888

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