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Except it was the civil war that caused a debt crisis in Ancient Rome and not the other way around. Repaying debts is somewhat hard when most of your productive
by qwytw 3y ago
Except it was the civil war that caused a debt crisis in Ancient Rome and not the other way around. Repaying debts is somewhat hard when most of your productive assets are destroyed or completely devastated.
Debt forgiveness was a common in such cases because back then government didn't really have any other monetary policy tools or ways to stimulate the economy.