| 词汇 | example_english_debasement |
| 释义 | Examples of debasementThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. One group that disliked debasements included the guild members, shopkeepers, small merchants, and wage-earning artisans. Of the two coinages we commonly exchange and which are liable to debasement, language is far more damaging than money. The persistence of debasements throughout the medieval and early modern periods suggests that these interventions could not simply be futile efforts. For example, merchants sometimes preferred debasements to increased taxation when the government faced fiscal difficulties. If the government perceived these costs to be lower than the expected fiscal benefits, then a debasement or a series of debasements could be adopted. Yet another cost was the adverse implications of debasements for the ability of the state to borrow domestically. At the same time, however, there existed significant economic and political constraints on the state's ability to take advantage of debasements. Even if a social group did not always benefit from debasements and inflation, it could still prefer debasements to additional taxation. In the short term, debasements provided relief from shortages of specie and coinage in circulation by increasing the nominal value of the coinage in circulation. In other words, debasements generated an initial surge in revenues, followed by a decline in real terms due to the inflation they created. As a result, debasements were frequently used as an alternative to additional taxation. On the other side were social groups who stood to lose from debasements and the accompanying inflation and therefore opposed them. At the same time, however, there were significant economic and political constraints on the state's ability to take advantage of debasements. Indeed, the debasement of fringe is part of what makes it interesting and significant. Prices almost always rose in the aftermath of debasements because a debasement typically increased the nominal value of coinage in circulation. Crime and corruption have escalated, closely interconnected with the debasement of the justice system. Most of them were net lenders, however, and they stood to lose from the inflation that followed debasements. This is because the prices of goods held by the merchants typically rose together with other prices after a debasement. The groups that stood to lose the most from debasements were those who were paid fixed amounts in terms of the unit of account. The fiscal benefits of a debasement are not difficult to establish. On the other side there were a number of costs that might be borne by the state as a result of debasements. Conversely, those who expected to be paid fixed amounts in terms of the unit of account stood to lose from debasements. As a result, debasements and inflation did not have a major impact on rural producers. These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
反思网英语在线翻译词典收录了377474条英语词汇在线翻译词条，基本涵盖了全部常用英语词汇的中英文双语翻译及用法，是英语学习的有利工具。