debased currency

基本解释

Taxes were regularized, tariffs lifted, private mints abolished and the debased currency restored.
税收调整了，关税提高了，私人造币厂废除了，贬值货币恢复了。
Taxes were regularized, tariffs lifted, private mints abolished and the debased currency restored.
税收调整了，关税提高了，私人造币厂废除了。
Those two lines of Yeats for me sum up the matter as it stands today when the very currency of belief seems debased.
对我来说，叶芝的这两行诗概括了今天的现实，信仰的货币似乎已经贬值了。

All of this means that as easy as they are to acquire, Likes are a debased currency.
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However, sometimes other factors come into play that prevent a debased currency from losing value against other currencies.
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Bond prices would fall (and thus yields rise) as investors worried that they would be paid back in a debased currency.
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