Thursday, November 18, 2021

Scamming the realm

Scamming the realm, especially when funding wars, has been a stable of governments for a very long time. 

But the analysis of coins from 250 BCE to 350 BCE showed declining percentages of silver. According to Wiescher, the Roman mints gradually debased the denarius, deliberately, to increase their profits and make it easier to finance ongoing wars in the empire. The mints relied on certain metallurgical techniques to hide the lower percentages of silver to keep inflation at bay. By 295 CE, the silver content was just about 5 percent.

Seems Ben was also vigilant in trying to preserve the viability of currency using inkss and art to do the deed.

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