Debauchment


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De`bauch´ment


n.1.The act of corrupting; the act of seducing from virtue or duty.
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One way of ensuring that there is no debauchment in the value of money is to have an adequate reserve army of labour which ensures that money wages do not increase autonomously.
Monetary policy would be impossible, and so would the inflationary debauchment of the currency used to finance the state.
Although modern fiat money is created by computer entry rather than the printing press, the results are the same--the gradual debauchment of currency, subtly eating away at savings accounts and propelling the cost of everything from supermarket eggs and milk to houses and college educations into the stratosphere.