I put this up on The Big Picture blog last year...be sure to check the link, which is a lecture given at the Ludwig von Mises Institute and is very good (available as text or as mp3 audio)...regarding currency debasement amongst other niceties...the more things change, the more they stay the same...
September 14th, 2009 at 5:58 pm
Inflation and the Fall of the Roman Empire
‘To look at the mentality of the Roman emperors, we can look just at the advice that the Emperor Septimius Severus gave to his two sons, Caracalla and Geta. This is supposed to be his final words to his heirs. He said, “live in harmony; enrich the troops; ignore everyone else.” Now, there is a monetary policy to be marveled at!’
...the ruling elite staying in power at all cost…i think i hear something rhyming
http://mises.org/story/3663
Inflation and the Fall of the Roman Empire
‘To look at the mentality of the Roman emperors, we can look just at the advice that the Emperor Septimius Severus gave to his two sons, Caracalla and Geta. This is supposed to be his final words to his heirs. He said, “live in harmony; enrich the troops; ignore everyone else.” Now, there is a monetary policy to be marveled at!’
...the ruling elite staying in power at all cost…i think i hear something rhyming
http://mises.org/story/3663
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