Blog/Ancient Economies

They Fled After the Fall of Rome

After the fall of Rome, monks fled to a small island off the coast of Ireland known as Skellig Michael (also known as Sceilig Mhichíl).What you may not be aware of [...]

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Rome's Financial Crisis 218-202 BC?

QUESTION: Mr. Armstrong, I read that the first monetary crisis in Rome took place 218-202 BC claiming the currency collapsed. I never saw you make such a claim so I [...]

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"Cry 'Havoc !' and Let Slip the Dogs of War"

COMMENT: Mr Armstrong; I am a reformed goldbug who was naive to put it mildly but my wife called it stupidity. You have been correct and they have been wrong but [...]

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Why Are Roman Hoards Found Around 274-300 AD?

QUESTION: Hi Marty, I saw another article about a trove of 4,000 Roman coins found in Switzerland. I read that the earliest date was 274 AD, during the reign of [...]

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Ancient International Tourism

QUESTION: Is it true that tourism existed in ancient times? I was in Italy and the guide said this was an ancient tradition. ANSWER: Augustus (27 BC-14 AD) wiped [...]

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First Sovereign Debt Default in the 4th Century BC

QUESTION: Mr. Armstrong; I read this time its different by Rogoff. While it is interesting about sovereign defaults, he clearly does not go back into ancient times [...]

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Refusal to Publish Research that Shows Anti Man-Made Climate Change

Whenever someone discovers something that contradicts established academia, their findings are suppressed. This is true in economics, earth sciences, and even [...]

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Punic Wars & the Economic Confidence Model

QUESTION:  Mr Armstrong, How does the ECM stack up against The Punic Wars which left the victor, Rome,the Mediterranean superpower and on the road to Empire? Many [...]

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Austerity vs. Hyperinflation: Which Is the Precursor to Revolution?

QUESTION: Mr, Armstrong; I recently read an article claiming to be a case study that it was somehow the French hyperinflation that led to the revolution. It seems [...]

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