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Very true on all of those accounts (and I mentioned in another comment about the Bessemer Process). What's interesting on an economic level is that they knew ab
by satvikpendem 1y ago
Very true on all of those accounts (and I mentioned in another comment about the Bessemer Process). What's interesting on an economic level is that they knew about hyperinflation but were powerless to actually combat it at a high level. Diocletian tried but they simply were unaware of what truly creates hyperinflation and tried price ceilings which of course do not work for scarce goods.