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Analysis of Roman coins uncovers evidence of financial crisis
Phys dot org ^
| April 6, 2022
| University of Warwick
Posted on 04/09/2022 8:05:00 AM PDT by SunkenCiv
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1
posted on
04/09/2022 8:05:00 AM PDT
by
SunkenCiv
To: SunkenCiv
It’s nice to know we can debase our currency without issue, unlike the Romans. After all we have “experts”. /sarcasm
To: SunkenCiv
3
posted on
04/09/2022 8:08:42 AM PDT
by
PeterPrinciple
(Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
To: SunkenCiv
Analysis of Roman coins uncovers evidence of financial crisisSo the Roman Treasury began printing Federal Reserve Notes rather than Silver Certificates.
Very Interesting.
Americans take note, History Repeats Itself.
4
posted on
04/09/2022 8:09:38 AM PDT
by
Navy Patriot
(Celebrate Decivilization)
To: SunkenCiv
I thought this was well known. Perhaps not the specifics listed here, but debasing the coinage is an old and established trick. The Romans often had financial crises because the government spent too much and then needed to stretch the money supply further than it could go.
5
posted on
04/09/2022 8:10:29 AM PDT
by
ClearCase_guy
(It's hard to "Believe all women" when judges say "I don't know what a woman is".)
To: SunkenCiv
When the U.S. minted silver coins for regular circulation (1794-1964), they contained about 10 copper as well. The copper was mixed in with the silver because it made the coin more durable and suitable for circulation. Silver by itself is very soft. Same is true for gold coins.
Perhaps the Romans discovered the benefit of alloying silver with a bit of copper.
To: 240B; 75thOVI; Adder; albertp; asgardshill; At the Window; bitt; blu; BradyLS; cajungirl; ...
Fuel for somebody's fire, because everything else was already burning down. Hope your weekend turns out nice.
Kind of a Roman week here at GGG.
The other GGG topics added since the last digest ping:
7
posted on
04/09/2022 8:14:00 AM PDT
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: ClearCase_guy
“I thought this was well known.”
Agreed—debasement of the currency is a “classic” .gov scam.
The “progressive” income tax turned it into .gov windfall time.
8
posted on
04/09/2022 8:14:47 AM PDT
by
cgbg
(A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
To: SunkenCiv
Well maybe there was a financial crisis, and maybe there wasn’t. One thing for certain, in 2000 years nobody is going to be digging up bitcoins.
9
posted on
04/09/2022 8:15:18 AM PDT
by
Magnum44
(...against all enemies, foreign and domestic...)
To: Dan in Wichita
10
posted on
04/09/2022 8:16:06 AM PDT
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: SunkenCiv
‘The college of praetors”
Great football team.
Went 11-1 last year.
11
posted on
04/09/2022 8:17:14 AM PDT
by
blueunicorn6
("A crack shot and a good dancer”)
To: SunkenCiv
If he was wearing a baseball cap, he’d look just like my Uncle Bill.
12
posted on
04/09/2022 8:19:12 AM PDT
by
blueunicorn6
("A crack shot and a good dancer”)
To: SunkenCiv
Researchers at the University of Warwick and the University of Liverpool have analyzed coins of the period and revealed a debasement [sic] of the currency far greater than historians had thought [...]Why "sic?" The word "debasement" is totally appropriate and fitting here. What is the author trying to imply?
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.
-Wikipedia
Regards,
13
posted on
04/09/2022 8:22:25 AM PDT
by
alexander_busek
(Extraordinary claims require extraordinary evidence.)
To: SunkenCiv
Sounds like a bit of insider embezzlement- steal 10% of the raw silver and replace it with copper so the expected number of coins are minted.
14
posted on
04/09/2022 8:37:10 AM PDT
by
JimRed
(TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
To: Navy Patriot
Americans take note, History Repeats Itself.If one studies the last years of the Roman Republic, it becomes frightenly obvious how true that is.
15
posted on
04/09/2022 8:43:48 AM PDT
by
sima_yi
( Reporting live from the far North)
To: SunkenCiv
pre-1982 penny 100% copper
Worth three cents
Now, they’re yanked out of circulation and replaced with zinc.
...nothing new under the sun
16
posted on
04/09/2022 8:50:50 AM PDT
by
SheepWhisperer
(My enemy saw me on my knees, head bowed and thought they had won until I rose up and said Amen!)
To: alexander_busek
Perhaps the author believes that the common use of the word with respect to morally corrupt behavior in humans is always editorially incorrect because one is never to make value judgements on the broad spectrum of human behavior (with the narrow exception of whatever it is that non RINO Republicans, none of which he has ever met, do from the time they open their eyes in the morning to the time they fall asleep at night).
To: cgbg
Part of the Roman Reserve Bank policy of Quantitatos Levatio.
18
posted on
04/09/2022 9:12:29 AM PDT
by
I-ambush
(We watched the moment of defeat, played back over on the video screen. )
To: JimRed
Money shortages cause problems. The Romans figured that out long before some moderns did.
19
posted on
04/09/2022 10:30:27 AM PDT
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
To: blueunicorn6
20
posted on
04/09/2022 10:33:34 AM PDT
by
SunkenCiv
(Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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