One would have hoped that financial rip-offs committed by medieval princes would have been permanently shelved when liberal enlightenment ended the divine right of kings.
Continuing promises by Chairman Reckless to use the "printing press", "helicopters" and more recently "bazookas" to inflate anything should be considered startling only in the resort to honesty. Euphemisms for currency depreciations started with the original promoters of the Fed and the tout was that a "flexible" currency would prevent serious financial contractions.