But he was right that a debauched currency was one reason why a whole country could lose its virtue.

ECONOMIST: Millennium issue: German hyperinflation

But then they would melt down the old and reissue them debauched with increasing portions of less precious metal alloys.

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Finance is scarce, and it doesn't help that currencies--now including the South African rand (see our editor-in-chief's comment, p. 13)--are debauched.

FORBES: Sidelines

Hence the beginning of inflation, with markets devaluing the debauched currency.

FORBES: Rethinking Money: The Rise Of Hayek's Private Competing Currencies

The precious seats grow fewer, the thresholds for reward travel go higher, and slyly the currency for redeeming the good life is steadily debauched through various promotional giveaways.

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For his choice as treasury secretary, President-elect George Bush did not look to Wall Street, which likes its money strong, nor to academia, which frowns when the currency is debauched.

ECONOMIST: A currency fix?

With a dazzling mastery of detail, and enough literary flair to engage the non-specialist, Simon Sebag Montefiore brings out the highly unusual mixture of qualities required to succeed in Russia's debauched, ruthless court.

ECONOMIST: Russian history

And Bourbon Street remains its gleefully debauched self.

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