3 ms·

The Quantitative Easing (and Fall) of the Roman Empire by Malchow and Thiel [pdf]

• mark_l_watson 10y ago
  That was worth the 20 minutes to read. No new information, but reinforces the problems of debasing fiat monies.
  • grinnbearit 10y ago
    The reason we (as a society) inflate currencies is because of "sticky wages". People are loss averse and react much worse to a 5% pay cut than positively to a 5% pay rise. Because of this, businesses needing to adjust downwards because of competition/technology/market changes can't. Inflation is a solution to this problem
• deleted 10y ago
  [deleted]
• deleted 10y ago
  [deleted]