Blog/Ancient Economies

December 25th & Holidays

QUESTION: Hi Marty. I was wondering if you knew about the ancient Roman holidays? I was wondering if they had a big commercialized Holiday like Christmas but pagan [...]

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When is Inflation – Deflation?

QUESTION: Mr. Armstrong; the WEC was the best ever. The materials it took you a month to prepare in advance are amazing. Your insight into the difference between a [...]

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Gordian III Æ Sestertii

A lot a people wanted a bronze Roman Sestertius. We sold out of all the issues. The only one I had more of was those of Gordian III. This was an interesting emperor [...]

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New Variety in the Athenian Owls

  The hoard of Athenian Owl tetradrachms has revealed something incredibly important. The seminal work of Chester Starr (Athenian Coinage) identified five [...]

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Roman Republic’s Debt Crisis & Led to it’s Collapse

  QUESTION: You said that Imperial Rome did not have a national debt nor central banks. Did Rome ever have debts that were not private? JY ANSWER: Yes. In all [...]

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The Greek Dark Age & Climate Change

QUESTION: Mr. Armstrong; You mentioned that the environment was the primary cause of the Greek Dark age between the Heroic and Hellenistic periods. Can you [...]

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Celtic Gold Ring Money Discovered in Ireland

Gold rings were discovered in Ireland and they seem to be uncertain about their original use. The Celts did not create their own coins for many centuries. They used [...]

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What are Ancient Coin Hoard so Vital to History

  QUESTION: Sir; I have noticed that the Roman and Greek hoards of coins you have offered are silver. You do not offer hoards of bronze coins. I have two [...]

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Portugal

QUESTION: Can you shed any light on the history of money in Portugal. There seems to be scant discussion of this subject. Thank you ANSWER: The first coinage of [...]

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The Money Supply Always Increases in Time of War

QUESTION: Your chart on the Roman money supply shows a huge spike going into 87BC.  Was that just because of the Social War? GS ANSWER: No. During the autumn of [...]

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