How Inflation Destroyed the Roman Empire

There were many reasons the Roman Empire fell but, inflation and government spending were huge parts.  Government stimulus programs and public works became common then as they are today.  People today underestimate the complexity of the Roman Empire but, their bureaucracy was almost as large as ours today.  Aqueducts were often created to give people employment just like “The Community Reinvestment Act” seeks to do today.  I find this interesting on many different levels.  For one, Rome’s policies were very similar to ours today.  They even had similar names like jobs bill and community reinvestment act.    There is a book written in the 1940s called the “New Deal in Old Rome” that compares Roman governance in the later Empire to New Deal programs.  The parallels are almost bizarre.

Then, just like today, government bureaucracy and spending were only part of the problem, the much bigger problem was inflation.  Inflation was rampant and brought the Empire to its knees.  The rates of inflation increased over time at a similar rate to that at which the United States is currently.

 

What is really staggering is that the Roman Empire’s fiscal transgressions are nothing compared to the modern United States’.  Rome had to dilute its coins by recalling them every few years and watering them down with other metals, while the U.S. can simply print bills of credit to infinity with no checks in place at all.  Nero would be envious indeed of the American State’s monetary power.  Rome also centralized everything into its capital city and attempted to regulate its provinces from afar but, again this is nothing compared to the centralization that Washington DC has been able to accomplish.  For all the corruption that infected the Roman government, it is tame compared to the corruption of the American Political Class. Here is a brief presentation on Roman Inflation.

This one is a bit longer.

 

 

33,438 thoughts on “How Inflation Destroyed the Roman Empire

  1. It’s actually a cool and useful piece of information. I am happy that you just shared this useful info with us.
    Please keep us up to date like this. Thanks for sharing.

  2. Hey there I am so thrilled I found your weblog, I really found
    you by accident, while I was researching on Yahoo for something else, Anyways I am here now and would just like to
    say kudos for a fantastic post and a all round enjoyable blog (I also love the theme/design),
    I don’t have time to look over it all at the minute but I have bookmarked it and also added your RSS
    feeds, so when I have time I will be back to read more, Please do
    keep up the awesome work.

  3. การเล่น “หวยฮานอย” เป็นอีก ช่องทาง หนึ่งที่ได้รับ ความหลงใหล จาก ผู้คนในประเทศไทย ในการ ลุ้นรับโชค เมื่อ
    เหมือนกับ การ เสี่ยง หวยรัฐบาลหรือ”หวยลาว” ความน่าสนใจ ของ”หวยฮานอย”คือ การออกรางวัล ทุกวัน ส่งผลให้ผู้
    เสี่ยง สามารถ ได้รับ ได้บ่อยครั้ง
    และ มีช่องทาง สร้าง รายได้เสริม จากการ ลุ้น หวย

    อย่างไรก็ตาม การเล่น “หวยฮานอย” ก็ไม่ ข้อเสีย เนื่องจากผู้เล่น บางรายอาจใช้เงิน มากเกินไปหรือติด การพนัน ซึ่งอาจ
    ก่อให้เกิดผลเสีย ต่อ ความสัมพันธ์ นอกจากนี้ ยังมี
    โอกาส เรื่อง การถูกฉ้อราษฎร์บังหลวง จากผู้ที่
    ทำการผิดกฎหมาย โดยมิชอบ

    เพื่อให้การ ซื้อ
    “หวยฮานอย” เป็นเพียงการ เล่นเพื่อความตื่นเต้น เพื่อ ความตื่นเต้น และ ไม่ทำให้เกิดผลกระทบ จึงควรมีการ คุ้มครอง และ ตัดสิน อย่างใกล้ชิด
    เช่น การ ปรับ กรอบเวลา ในการ ซื้อ ที่
    สมควร รวมถึงการ ควบคุม
    ผู้ ทำผิด ทั้งนี้เพื่อให้การ ซื้อ “หวยฮานอย” เป็นส่วนหนึ่งของการ ดำเนินการ อย่างมีความรับผิดชอบ และ ไม่ทำให้เดือดร้อน
    ครอบครัว ของผู้เล่น

    Here is my blog คาสิโนออนไลน์ที่มีแจ็กพอตและโปรโมชั่นพิเศษให้กับสมาชิกใหม่และสมาชิกประจำ

  4. Very nice post. I simply stumbled upon your blog and wanted to
    say that I have really loved surfing around your blog posts.
    After all I’ll be subscribing for your feed and I hope you write
    again soon!

  5. Heya i am for the primary time here. I found this board and I to find It truly useful & it helped
    me out much. I hope to provide something
    back and help others like you aided me.

  6. Hello! I know this is somewhat off topic but I was wondering
    if you knew where I could locate a captcha plugin for my comment form?

    I’m using the same blog platform as yours and I’m having problems finding one?
    Thanks a lot!

  7. You can certainly see your enthusiasm in the work you write.

    The sector hopes for even more passionate writers such
    as you who aren’t afraid to mention how they believe.
    All the time follow your heart.

  8. Thus, the economic agenda of today directly depends on the progress of the professional community. However, one should not forget that the modern development methodology plays an important role in the formation of tasks set by society.

  9. The provided material of this blog entry is extremely intriguing .
    I appreciated the way you analyzed the diverse
    issues so comprehensively and clearly . You facilitated me procure fresh
    perspectives that I had never deliberated before. I’m thankful for communicating your proficiency and expertise – it has allowed me to gain understanding additionally
    .
    I particularly liked the innovative viewpoints
    you introduced , which broadened my awareness and reasoning in worthwhile directions .

    This blog is coherent and captivating , which is essential for subject matter of
    this quality.
    I look forward to review supplementary of your compositions
    in the upcoming period, as I’m assured it will continue to be
    informative and enable me persist in progressing .
    I express my gratitude !

    Feel free to visit my website online casino payment methods (blogfreely.net)

  10. Given the current international situation, socio-economic development provides a wide circle (specialists) in the formation of a personnel training system that meets pressing needs. First of all, the constant information and propaganda support of our activity is a qualitatively new stage of the directions of progressive development.

  11. My partner and I stumbled over here different web address and thought I may as well check things out.
    I like what I see so now i’m following you. Look forward to
    finding out about your web page yet again.

  12. Simply want to say your article is as amazing. The clarity to your put up
    is simply excellent and that i can assume you are a professional on this subject.
    Well together with your permission let me to clutch your RSS feed to stay up to date with coming near
    near post. Thanks a million and please continue the gratifying work.

  13. Does your blog have a contact page? I’m having trouble
    locating it but, I’d like to send you an e-mail. I’ve
    got some ideas for your blog you might be interested in hearing.
    Either way, great website and I look forward to seeing it develop over time.

  14. Our business is not as unambiguous as it might seem: diluted with a fair amount of empathy, rational thinking requires determining and clarifying innovative process management methods. On the other hand, the new model of organizational activity directly depends on standard approaches.

  15. Thank you for some other informative website.

    Where else may I get that kind of information written in such a perfect way?
    I’ve a venture that I’m simply now running on, and I have been at the glance out
    for such info.

  16. I do accept as true with all of the concepts you have presented to your post.
    They are very convincing and will definitely work. Still, the
    posts are too quick for novices. May just you please extend them a little
    from subsequent time? Thanks for the post.

  17. เตรียมตัวให้พร้อมสำหรับประสบการณ์การเล่นเกมออนไลน์ที่สมบูรณ์แบบ!
    เล่นโปเกม่อนออนไลน์กับเพื่อนและครอบครัวของคุณ แพลตฟอร์มของเรารวดเร็ว ปลอดภัย และขับเคลื่อนด้วยเทคโนโลยีล้ำสมัยเพื่อประสบการณ์การเล่นเกมที่เหนือชั้น
    เข้าร่วมการดำเนินการทันทีและดูว่าทำไมหน้า

    Here is my blog; เกมคาสิโนออนไลน์

  18. First of all, an understanding of the essence of resource -saving technologies largely determines the importance of further areas of development. It’s nice, citizens, to observe how some features of domestic policy, which are a vivid example of a continental-European type of political culture, will be combined into entire clusters of their own kind.

Leave a Reply

Your email address will not be published. Required fields are marked *