Aug 23, 2021
5 min read
Inflation From Spain’s Mountain Of Silver
One of my favorite legends as a kid was El Dorado, The City of Gold. The thought of a legendary city of gold sitting undiscovered in the Central American jungle just sounds so incredible. And it sounded equally impressive to the Spanish explorers and conquistadors of that time.
Ironically the Spaniards (during the 1540s) failed to find a city of gold, but what they found instead was almost…
