Inflation and the Fall of Rome - Economic History DOCUMENTARY

How big of a role do you think Inflation played in the fall of Rome? (You can Install Raid for Free on Mobile and PC: clik.cc/PoaTg and get a special starter pack. Available only for the next 30 days)

@20:23 the Roman dude is not freaking out over inflation or the debasement of the currency. He’s freaking out over the existence of a 16th century Ottoman mosque from Bosnia right behind him.

Im not worried about inflation when I see it in the news. Im worried about it when I see it in the grocery store.

this is what we call in the business "foreshadowing"

If you describe inflation as the increase in the price of goods and services over time, then you are putting the cart before the horse. So many people have this very common misconception. I personally believe that this alternate definition is a tool of misdirection in order to obscure causality. Inflation is the expansion of the money supply. Only a government has the so-called "legitimate" power to create currency, so inflation is directly caused by government, not by the increase of prices in the private sector. The most important part to understand is that the increase in the price of goods in an economy is a natural consequence of inflation and is not the inflation itself. This distinction is crucial to understand especially in today’s age.

Alan Moore, the famous comic book writer, has a short story called "The Head of Diocletian," which is about a proud Roman official in Britannia having a crisis when he realizes how worthless their currency is.

I really enjoy these economic dives into Rome

its just crazy how many times rome kept doubling down without realizing that maybe a new strategy was needed. the crazy thing is that humans really havent learned anything since then, and many governments still use printing money aka debasing currency as a way of financing things. Maybe people do realize the damage that causes and just dont care, someone else can fix it later.

Just to understand how deep it is: 1. Italian word for money is Soldi (Plural from solidus). 2. Russian word 'деньгі' (den'gi) from turik ten'ge, from Persian denge, from roman dinarius. 3. English word money, french monnaie, russian манета, italian maneda, deutsche Münze - all from roman word for mint, one of which was organizer in the temple of Iuno Moneda. 4. All forms of Grosch, Grosz, Грошы - middleage Grossus Dinarius.

Inflation being an indirect cause of the Second Punic War is super interesting and I've never heard that discussed as part of the tensions involved both internally and externally with Rome.

Rome 286, Germany in 1929, or Russia in 1993, and so many other examples... For real, debasing currency needs to be taken as seriously as war crimes due to its catastrophic outcome, especially on the most vulnerable, and because it usually leads to the rise of warlords.

20:15 the Romans built such lovely mosques and minarets, amazing 😅

There's a small factual error in the video. Quadrigatus was introduced around 225 BC which was after the First Punic War. Didrachms were minted before this in Rome and Neapolis, but quadrigati specifically only came later. Later Rome also introduced their equivalent of the drachm, half a didrachm or quadrigatus, called the victoriatus. Both quadrigati and victoriati were also minted in a number of mints, not just Rome, and both saw debasement.

Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy. The fin-Market;s have underperformed the U.S. economy as fear of inflation hammers the prices of stock;s and bonds. My portfoliio of $250k is down to $192k any recommendation;s to scale up my return;s during this crash will be highly appreciated.

Excellent video! I'm Brazilian and between the late 80's and early 90's, my country went through a period of hyperinflation. Only those who have gone through it, know how destructive hyperinflation can be.

Nero - Explains his plan for more money. Everyone who knows how economics work - "That's not how this works, that's not how any of this works."

The guy flashing coins under his robe in the alley was by far the best animation in this entire video. Well done lols! I love these videos on different aspects of Rome like inflation and vacations.

“That miracle came in the form of … Emperor Aurelian.” I love that even actual history channels are now on board with ‘Aurelian was a walking deus ex machina and literal gift from the heavens’. All you need to do now is only ever show him with the mask on.

Late Roman Emperors itching to debase the coinage just one more time man, this is the last one I swear I just need a little pick me up, I don't have a problem you have a problem.

The original (pre-2013) definition of inflation, is “an excessive increase in the amount of circulating currency and credit”. The definition has been changed to obscure the cause and effect relationship between currency debasement (reducing silver or gold content, or, printing too much paper) which expands the supply of currency and credit, and the resulting devaluation of “money” (actually, currency) and consequent increases in the prices of everything. The central banks do not want you to know it is their fault, so they changed the definition of “inflation” to hide the cause and effect relationship between their currency printing and your increased cost of living.