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The Romans literally debased their currency into lead as they hit hyper inflation-- then instituted price controls which led to a booming black market. The part
by brobdingnagians 6y ago
The Romans literally debased their currency into lead as they hit hyper inflation-- then instituted price controls which led to a booming black market. The particular tricks have changed a little over time, it is just more efficient with digital money now. Ruling classes had the basics figured out millenia ago. And it never works.
- pmiller2 6y agoYou are correct, except they didn't debase it into lead. Late Roman coinage was largely copper. https://en.wikipedia.org/wiki/Roman_currency#Debasement https://en.wikipedia.org/wiki/Roman_currency#Debasement
- brobdingnagians 6y agoThank you for the correction and reference :)