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Why did most ancient civilizations debase their currency over the centuries?
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<p>[QUOTE="ancient coin hunter, post: 7687995, member: 87200"]One of the theories I have read about, in addition to what [USER=72790]@kevin McGonigal[/USER] said seems to be that the mines during Roman times gradually were exhausted - Dacia was the last territory that was incorporated into the Empire that had extensive silver reserves. During the Republic conquest was a major source of silver entering into the monetary system. If there was no new silver and required expenditures continued to increase, then debasement was a short-sighted solution to the increasing economic problems.[/QUOTE]</p><p><br /></p>
[QUOTE="ancient coin hunter, post: 7687995, member: 87200"]One of the theories I have read about, in addition to what [USER=72790]@kevin McGonigal[/USER] said seems to be that the mines during Roman times gradually were exhausted - Dacia was the last territory that was incorporated into the Empire that had extensive silver reserves. During the Republic conquest was a major source of silver entering into the monetary system. If there was no new silver and required expenditures continued to increase, then debasement was a short-sighted solution to the increasing economic problems.[/QUOTE]
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