gold

The "classic" currency of olden times is coins of precious metals. But when a mage has the power to turn any substance into another (alchemy), or just create a huge heap of coins, the economist in me just screams about inflation. What solutions have you come up with for currency in a world...

I'm designing a magic system, and have been working on what "mana" is. Recently I've settled on this: There are three states of mana (reflecting the three states of matter), the gaseous state is "Etherium" (Which is completely invisible and almost completely intangible), the liquid state is...