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<p>[QUOTE=&quot;ancient coin hunter, post: 4266088, member: 87200&quot;]One thing that I am curious about is whether the voluminous coinage of Gordian represents the maximum output of the mint(s) and the time of the greatest wealth for many. However, that illusion (of a fully extended economy with an efficient frontier) was dashed in the coming years. </p><p><br /></p><p>One can imagine that the expenditures began to outweigh tax revenues, and rather than printing money or just creating more units in the ledger the Romans were struck with one alternative - heavy debasement to increase the number of pieces in circulation. However, this solution leads to the vicious circle of inflation and even more debasement so that by the time of Gallienus the empire was bankrupt.[/QUOTE]</p><p><br /></p>

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