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The Romans sorted the place out for a few hundred years.
gg
That they did - and by the time the empire fell to Odoacer in 476 AD, the silver denarius contained only 0.02% silver *! Sound familiar? Keep the citizens happy with toys and wars while they become fat little consumers feeding off the devaluation of the currency and the labour of their vassals.
* - footnote 'Empire of Debt - the Rise of an Epic Financial Crisis'; Bonner, William, and Wiggin, Addison; Published John Wiley & Sons 2006 (p51)