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Pet Peeve: that BOGUS 'a sack of Gold for a loaf of bread' adage
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<p>[QUOTE="medoraman, post: 1571530, member: 26302"]If someone wished to simply see how debasement affected pricing, I believe a simplistic study would be to take the metrics of coinage and lay them against soldier's pay, (something there is a lot of data for). Soldiers generally got treated fairly in the Roman empire, (if an emperor wished to stay in power), so using their salaries as a proxy for general price levels would be a simple form of inflation assumptions. The only caveat would be to use only general soldier's pay, and also account for any commodities they received in addition to cash payments.</p><p><br /></p><p>The metrics as to commodity value of metal coinage can be found in loads of places as well.</p><p><br /></p><p>Ardatirion, I know it would not be perfect, but just suggesting a simpler method of making this comparison if this is what he is getting at. If Juan is trying to blame major price spikes of grain only on currency debasement, I would never buy such an argument unless supplemented with other commodity pricing since to do so would completely ignore weather conditions, (something which with $7.50 corn this year the US should be well aware of).[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1571530, member: 26302"]If someone wished to simply see how debasement affected pricing, I believe a simplistic study would be to take the metrics of coinage and lay them against soldier's pay, (something there is a lot of data for). Soldiers generally got treated fairly in the Roman empire, (if an emperor wished to stay in power), so using their salaries as a proxy for general price levels would be a simple form of inflation assumptions. The only caveat would be to use only general soldier's pay, and also account for any commodities they received in addition to cash payments. The metrics as to commodity value of metal coinage can be found in loads of places as well. Ardatirion, I know it would not be perfect, but just suggesting a simpler method of making this comparison if this is what he is getting at. If Juan is trying to blame major price spikes of grain only on currency debasement, I would never buy such an argument unless supplemented with other commodity pricing since to do so would completely ignore weather conditions, (something which with $7.50 corn this year the US should be well aware of).[/QUOTE]
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