Inflation and the Fall of the Roman Empire by Joseph R. Peden Part 3

[jobedied]

We need to do that now create a massive black market and ignore the governments robbery. The government allows wall street to cook the books and fails to enforce banking fraud so who does the government really work for? If you need an answer for that your beyond hope.

[drav1dan]

USA = Roman Empire, The Sequel

[kingofmilwaukee]

This series is excellent!

[ducklamb1]

great stuff.mirrors today.back to my job search.

[videowilliams]

The parallels with the West today, in both this lecture and your blog post, are impossible to ignore, the only consolation being I think we're closer to the start of our decline than to the end... but time will tell...

[GuardofLiberty]

Yeah, the currency is being devalued (0% interests rates aren't exactly great for purchasing power), and the level of total debt is staggering. It's only a matter of time I think before massive defaults begin. Look at Greece right now.

[spencerpsn]

Good stuff guy.

[theincredibledouche]

so where did all that wealth go?

[GuardofLiberty]

To the Roman state and eventually down the rabbit hole. Say hello to the Dark Ages!

[redryan5048]

Conspiraces!!!!!!!

[spinnernet1]

Haha, the "smells like bullshit" poster was gold.

I've read about some of the roman emperors, but not that much about Diocletian (although i've definitely heard of him). Wow, he was a real fuck up.  Thanks for the history lesson.

[vassilischr]

Great article. The fact that the world will fall in the same way that the roman empire fell has been prophesized in the Bible.

[tumbleweedjoe]

Great article and good reading. Diocletian in particular was a huge asshole. Its amazing how predictable the behavior of the State is. The same damn thing, over and over again.

[freedominsomalia]

this whole thing of the youtube anarchists covering history is really awesome

[Sphair0n]

I've been studying Latin for 7 years in grammar school and never have such meaningful comparisons even been attempted. I'm glad I'm finally learning something on YouTube, ha.

[tonydamiano888]

Great Posting, I'm glad I subscribed.

[DissentingDogLevi]

Humans just don't learn. It's almost funny how things never change,

[lengthyounarther]

This goes nicely with Stefbots reading of inflation in revolutionary france (also originating from Mises)

[nonantianarchist]

Diocletian = FDR of Rome?

Or FDR= Diocletian of the US?

[McDicker96]

depends on what you measure it buy Fdr destroyed more real welath but Diocletian destroyed more potential wealth i.e. throwing the modern world into the dark ages for 1000 years.

[GuardofLiberty]

I never even thought of that. I usually associate Dicoletian with Nixon's attempt at price controls. But you're right, FDR and Diocletian both destroyed wealth and social mobility.

[GuardofLiberty]

Hard to say. I never even thought of that.