
How Inflation Precipitates Societal Collapse
Academy of Ideas
00:00
What Is Inflation?
Diocletian and the emperors who followed him continued onward with a policy of inflation. Just as when you start to use certain drugs you don't know when to stop nor how to stop, it is the same with inflation. Whatever savings commoners held in denari were reduced to a value of practically nothing. In 324 the gold solidus was worth 4,250 denari, yet by 337 it was worth 250,000. By 363 the value stood at 30 million denari to the solidus.
Transcript
Play full episode