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Why Did Ancient China Run Out of Money? A Lesson in Short-Term Thinking
06/19/2026
Have you ever found yourself in a tight spot—knowing a decision will backfire, but pushing ahead anyway because you just need to survive today? That’s exactly what happened in 1111, when the Song Dynasty’s Chancellor Cai Jing pushed a policy called “ten-for-one coins.” Three coins’ worth of copper were stamped into one coin that was […]

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