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Old Mar 28, 2013, 07:07 PM   #1
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A discussion on the Roman denarius as a precedent to the Euro

The link below is a great discussion by Andrew Burnett that has some information on the use of the denarius and other denominations in the provences of the Roman Empire. If you watch it, please let me know what you think.



The Roman Denarius and the Euro: A precedent for monetary union? - By Dr Andrew Burnett
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Old Mar 29, 2013, 12:53 PM   #2
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Great lecture. Thanks for the link. I think his point about inflation leading to the end of independent coinage in the Eastern empire needs to be developed a bit more. He cites the debasement of the currency leading to the disappearance of smaller denominations. What about the larger denominations? Why weren't they simply debased as the Imperial issues were? I am speaking to the theory that it was specifically inflation that was the culprit. If the problem was a physical shortage of metal or political instability leading to disruption of the monetary system then inflation is not really the issue, is it?

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