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

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Uploaded by on Sep 7, 2009

http://mises.org/story/3663
http://guardofliberty.blogspot.com/2009/01/rome-america-twins-bound-by-fate.html

An interesting Mises article I came across today that I thought I'd share with you all. History seems to be repeating itself doesn't it?

I've also written a similar article on my blog early in the year, check it out.

This is a good look at what happens when extortion rackets monopolize money.

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Uploader Comments (GuardofLiberty)

  • 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...

  • 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.

  • so where did all that wealth go?

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

Top Comments

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

  • 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.

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  • 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.

  • USA = Roman Empire, The Sequel

  • This series is excellent!

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

  • Good stuff guy.

  • Conspiraces!!!!!!!

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