The downfall of empires pt.2

Following up on https://ludwigvanel.wordpress.com/2017/07/11/currency-debasement-and-social-collapse/

It is sometimes popular to blame Rome’s downfall on Roman decadence. There may be some truth to that: http://money.visualcapitalist.com/currency-and-the-collapse-of-the-roman-empire/ inflation, just like fiat currencies (the euro, the $, etc.), contributed heavily to the downfall. More coins were needed to pay for goods & services. Combined with reduced income from “foreign plunder”, the taxes were raised to the seats of the gods (aka sky-high) which became unaffordable for the 1,000,000 people in the city of #Rome.

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ludwigvanel

I am an author & an anarcharchist

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