The Money Farm Team

How Did Constantine And Diocletian Fight Inflation?

Diocletian (284-304) and his successor Constantine (r. 313-337), both Illyrican peasants who rose through the ranks of the army, changed the imperial system to the point of reshaping the Roman state and society. Borders had hardly been rebuilt when Diocletian rose to the Purple; Germanic and Sassanid threats persisted, while commerce and agricultural declined, resulting […]

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Is Recession Macroeconomics Or Microeconomics?

Two consecutive quarters of negative GDP growth is the usual macroeconomic definition of a recession. When this happens, private companies often reduce production in order to reduce their exposure to systematic risk. As aggregate demand falls, measurable levels of spending and investment are likely to fall, putting natural downward pressure on prices. Companies lay off

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