#LondonCalling: Inflation is here. @JosephSternberg @WSJOpinion
Oct 01, 2021, 01:26 AM
Photo: Silver purity through time in early Roman imperial silver coins: To increase the number of silver coins in circulation while short on silver, the Roman imperial government repeatedly debased the coins. They melted relatively pure silver coins and then struck new silver coins of lower purity but of nominally equal value.
Silver coins were relatively pure before Nero (AD 54-68), but by the 270s had hardly any silver left. The silver content of Roman silver coins rapidly declined during the Crisis of the Third Century. (Note that Wikipedia has written that this text came via a bot script, so parts of this information may not be entirely reliable.)
CBS Eye on the World with John Batchelor
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Silver coins were relatively pure before Nero (AD 54-68), but by the 270s had hardly any silver left. The silver content of Roman silver coins rapidly declined during the Crisis of the Third Century. (Note that Wikipedia has written that this text came via a bot script, so parts of this information may not be entirely reliable.)
CBS Eye on the World with John Batchelor
CBS Audio Network
@Batchelorshow
#LondonCalling: Inflation is here. @JosephSternberg @WSJOpinion
https://www.wsj.com/articles/inflation-is-all-over-the-place-11631984968?st=3agulqmtf07hco3&reflink=article_gmail_share
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Uploaded by Rasiel Suarez ; Author | Rasiel Suarez
Rasiel at English Wikipedia, the copyright holder of this work, hereby publishes it under the following licenses: | This file is licensed under the Creative Commons Attribution-Share Alike 3.0 Unportedlicense. | Attribution: Rasiel at English Wikipedia
You are free: to share – to copy, distribute and transmit the work; to remix – to adapt the workUnder the following conditions: attribution – You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.