assignatflation
/əˌsaɪnjətˈfleɪʃən/nounVerified NewThe collapse of a currency's meaning through revolutionary overissue — by extension, of any credential printed too freely.
The assignat began as backing for confiscated church land and ended as wallpaper; the same arc awaits honors, titles, and endorsements issued faster than they can be honored.
Etym. — *assignat* (Revolutionary paper money) + *inflation*, a historical anchor for a general law of symbolic oversupply.
Rel. — endorseflation
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