I was asking chat gpt is Churches used to issue currency in the medical times. Yours out they had a monopolies on information, media, culture and currency. Sounds familiar?? Then the printing press democratied information leading to the Renaissance then established of the Gold Standard my Isaac Newton!
I'm sure the answer can be explained through a good free market principles but I wonder how England and its allies would have faired again Germany in the main world wars without steeling huge amounts of its citizens wealth to fun the wars. If they where on a hard money standed how would they have stood a chance against another nation like Germany that could do the same???