Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Septimius Severus' Debasement
>
Reply to Thread
Message:
<p>[QUOTE="jorglueke, post: 3550586, member: 103317"]I suppose what matters most was how the debasement was managed. In the United States silver was removed from coinage and as a backing for paper money over the ten year span of 1965-1974. Once complete the initial management was poor, there was too much money and inflation and interest rates become unstable to a harmful degree. However after the initial mishap the money supply has been managed at a rate of 3% debasement for annum and defenders of centrally managed money will defend this as perferable over the booms and crashed seen especially before 1929.</p><p>Given what we know about Septimius his goal was most likely to be getting more money, and more purchasing power into the hands of his soldiers. And it appears he was successful in this. Now maybe it was something done on borrowed time in that prices adjusted more slowly in the 3rd century Empire so Septimius could realize the short term gains with more limited consequences.[/QUOTE]</p><p><br /></p>
[QUOTE="jorglueke, post: 3550586, member: 103317"]I suppose what matters most was how the debasement was managed. In the United States silver was removed from coinage and as a backing for paper money over the ten year span of 1965-1974. Once complete the initial management was poor, there was too much money and inflation and interest rates become unstable to a harmful degree. However after the initial mishap the money supply has been managed at a rate of 3% debasement for annum and defenders of centrally managed money will defend this as perferable over the booms and crashed seen especially before 1929. Given what we know about Septimius his goal was most likely to be getting more money, and more purchasing power into the hands of his soldiers. And it appears he was successful in this. Now maybe it was something done on borrowed time in that prices adjusted more slowly in the 3rd century Empire so Septimius could realize the short term gains with more limited consequences.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Septimius Severus' Debasement
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...