Rome Redux

Long years of war (sounding familiar) for Rome drained it’s wealth. After the prosperous years of being generous with social programs, like allowing grain subsidies to it’s citizens, Rome began to “run out of other people’s money”. They first began to ‘clip’ their silver and gold coins and eventually reduced the gold and silver content. The ancient definition of ‘quantitative easing’. Inflation ensued. When this was failing, the government had to do something, so it went after the wealth of it’s citizens.

So forward to today…

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