In this episode, we explore the Roman Empire's struggle with monetary instability in the 3rd century A.D., examining how the gradual debasement of its silver coinage led to widespread inflation and the erosion of public trust. We discuss the empire's choices to dilute its currency in a bid to solve immediate financial crises, and the long-term consequences that reshaped its economy and societal functions.
Chapters
00:00 Roman Empire's Monetary Crisis
00:49 Dilution Not Reform
05:05 Economic Decline and Lost Trust
12:10 The Deeper Failure of Debasement
10 min