Let me copy a previous comment of mine [0]. One quasi-actionable lesson of history the governments can try to remember is: do not sacrifice your strategic goals for a short-term gain, or "avoid hotfixes in production". Example 1: Septimius Severus raised the legionary's yearly pay from 300 to 400 denarii while decreasing the amount of silver in a denarius by a half. The upset Roman economy would never fully recover.…
[0] https://www.oaklandinstitute.org/international-monetary-fund...