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<p>[QUOTE="EWC3, post: 3016923, member: 93416"]Many thanks for the link - most helpful. As I read it Crawford is politely suggesting that Pliny was probably dissembling here - and the statues to Graditianus were nothing at all to do with plated coins. He suggests fairly openly instead that Graditianus tried to bring in laws to stop people rigging the price of copper coin, which one would assume would be either to push down wages or push up commodity prices, or both, disadvantaging the poor.</p><p><br /></p><p>If he is correct the matter rather resembles the acts of the short lived Ciompi government of medieval Florence. (The Ciomi, Tiberius Gracchus and Graditianus all shared a similarly sad fate)</p><p><br /></p><p>I spent quite a while looking at this general matter of copper coin provision, and several episodes of lack of copper coin. As I understand it new copper coin more or less stopped coming from the mint in Rome soon after Tiberius Gracchus went down, around 130 BC? Lack of new issue would allow speculators a fairly easy opportunity to buy up copper coin, hoard it and fix its price.</p><p><br /></p><p>Possible somewhat parallel episodes include: the failure of Moghul copper issue after Akbar, the failure of copper issue in Yuan and later in Ming China, the failure of copper issue in later 18th century England, and (perhaps) a failure of copper in mid 20th century India?</p><p><br /></p><p>I studied the 18th century English matter in some depth, and think there are serious errors in the recent work by both Sargent and Selgin - there is a rather detailed investigation of that matter here:</p><p><br /></p><p><a href="https://www.academia.edu/33034920" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.academia.edu/33034920" rel="nofollow">https://www.academia.edu/33034920</a></p><p><br /></p><p>Useful parallels concerning what might have been going on in Ancient Rome might also be sought in 18th century China - see Zelin "The Magistrates Tael"</p><p><br /></p><p>Rob[/QUOTE]</p><p><br /></p>
[QUOTE="EWC3, post: 3016923, member: 93416"]Many thanks for the link - most helpful. As I read it Crawford is politely suggesting that Pliny was probably dissembling here - and the statues to Graditianus were nothing at all to do with plated coins. He suggests fairly openly instead that Graditianus tried to bring in laws to stop people rigging the price of copper coin, which one would assume would be either to push down wages or push up commodity prices, or both, disadvantaging the poor. If he is correct the matter rather resembles the acts of the short lived Ciompi government of medieval Florence. (The Ciomi, Tiberius Gracchus and Graditianus all shared a similarly sad fate) I spent quite a while looking at this general matter of copper coin provision, and several episodes of lack of copper coin. As I understand it new copper coin more or less stopped coming from the mint in Rome soon after Tiberius Gracchus went down, around 130 BC? Lack of new issue would allow speculators a fairly easy opportunity to buy up copper coin, hoard it and fix its price. Possible somewhat parallel episodes include: the failure of Moghul copper issue after Akbar, the failure of copper issue in Yuan and later in Ming China, the failure of copper issue in later 18th century England, and (perhaps) a failure of copper in mid 20th century India? I studied the 18th century English matter in some depth, and think there are serious errors in the recent work by both Sargent and Selgin - there is a rather detailed investigation of that matter here: [url]https://www.academia.edu/33034920[/url] Useful parallels concerning what might have been going on in Ancient Rome might also be sought in 18th century China - see Zelin "The Magistrates Tael" Rob[/QUOTE]
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