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Criminal Punishments For Destabilising The Economy - A (Very) Short History

· 4 comments · 300 words


Stock photo of colourful Indian Rupee notes.

In the year 1124, the King of England had a problem with the people who produced the kingdom's money. The quality of the coins in the early part of the reign was poor, as the moneyers made a large profit by producing underweight coins or coins of debased fineness. In 1124 Henry called all 150 moneyers to Winchester, and called them to account for their activities — 94 of them were convicted of i…