
How Inflation Precipitates Societal Collapse
Academy of Ideas
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The History of Inflation in Ancient Rome
By 200 AD, the denarius was debased to 50% of its original silver content. The rising prices that followed became impossible to ignore. By the latter part of the third century, the currency was so worthless that the state resorted to forced labor. Civil wars were common and lawlessness prevailed in what remained under Roman control. From barbarism to civilization requires a century.
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