this post was submitted on 23 May 2025
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Oh boy, one of my favorite hyperfixations, Roman coin debasement & inflation! TLDR: the parallels of today and back then are much more than just similar. We're essentially repeating what happened in the fourth century but on a global scale.
My special interest is what happened similarly with silver dirhams in the late Viking Age. You can see the silver got increasingly less pure from the source (Middle East) which reverberated into Scandinavia and early fortified towns. I reposted this recently in !archaeology@mander.xyz, but this is from one of my old lecturers and it gives an overview of the relationships between Scandinavia and the Middle East during this time which is not well understood by the general public: https://aeon.co/essays/the-viking-age-is-undergoing-a-revisionist-transformation