Timeline for How important was currency inflation in Fall of Roman Empire?
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4 events
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| Sep 14, 2016 at 13:10 | comment | added | Stuart Allan | @user14394 Your assertion that currency devaluations didn't matter much is absolutely incorrect. By the time the 3rd century crisis rolled around, the hyperinflation occurring in the currency contributed to a total breakdown in trade with people moving back to the barter system as specie was unreliable. | |
| Aug 8, 2016 at 7:02 | comment | added | CsBalazsHungary | @user14394 actually free bread policy was very essential part of emperors' politics in late Roman history. They bribed the poor to get popularity, and people came to Rome for this early type of welfare program, they got bread and they could visit Circus, if they made any little money, they could enjoy relatively easy life compared to the countryside or outside of Roman Empire. Stefan Molyneux blames this free food policy as one source of problems since they had to produce resource this unfunded liability, which meant more taxation for those who produced something. | |
| Aug 5, 2016 at 14:37 | comment | added | Doctor Zhivago | Currency devaluations didn't matter much because even the Roman Empire let alone the Roman Republic had an endless supply of silver coming from Spain and an endless supply of land in pretty much every direction although North Africa in particular. There were occasional slave revolts (Spartacus being the most famous) but Romans lived well actually...equestrian orders, urban gentry (Senators), palatial country estates (can't remember the name of the island West of Rome). Food revolts were quite common but that's because the living in Rome was so good...the human race just poured in. | |
| Aug 5, 2016 at 13:41 | history | answered | Stuart Allan | CC BY-SA 3.0 |