Jul. 4th, 2014

The Fourth

Jul. 4th, 2014 10:13 am
stoutfellow: Joker (Joker)
Today is US Independence Day.

As is my patriotic duty, I went online this morning and scheduled my Madison County property tax payments for this year.

This afternoon, as per my annual custom, I will watch my DVD of 1776. Inaccurate and anachronistic though it is, it's still entertaining.

Happy Fourth to my USAn friends!

Byways

Jul. 4th, 2014 12:46 pm
stoutfellow: My summer look (Summer)
I suddenly have the desire to read about the economic history of the late Roman Empire, especially around the time of Diocletian.

(From various sources, I have gathered that one of the causes of the decline of the empire was its chronic balance-of-trade deficit with the civilizations to the East, especially China, which caused a steady flow of coinable metal out of the empire; eventually there wasn't enough specie available to maintain a monetary economy, and society collapsed into a barter economy, until the discovery of new silver mines in, I think, Bohemia. That would tend to cause monetary deflation, I would think. But Diocletian imposed wage and price controls, which are generally used as a weapon against inflation. So what was really going on?)

Does anybody know where I might look?

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stoutfellow

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