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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Sparta - Gold prohibition in a collapsing economy

- Paul Tustain - Galmarley.com

Wow, a few hundred years of Spartan history in 6 paragraphs bu the author and 1 commenter.

Then there is that little "correlation infers causation" matter. "It was the iron coinage." "It was concentration of wealth in a few hands."

The "Law of Causation" requires cause precedes effect. You analyze the effects and claim they are the causes of end effect.

Oh, here is the classic:
"Who would wish to remain in a nation where they could not contribute to decisions affecting the nation's course? "
People don't leave over politics, they leave over economic security.
Wealth accumulates by one method only. By "NOT BEING USED". Lower usage, fewer jobs. No job in Sparta? Well then I'm headed for Thessalonica.

The problem with the study of economics is that it is as narrowly focused as the study of the history of American Wire Gauge.

Everything is connected to everything.
Everything has to go somewhere.
There ain't no such thing as a free lunch. TANSTAAFL

Commented 4056 days ago

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Beginning of the headline :This coinage was famous enough to have a classical joke made about it much later by Plutarch (in about AD 100). Assuming that its representative value ought to be its true value Plutarch believed it would require a horse and cart to transfer an amount appropriate for even the most modest transaction. The joke lasted longer than the money, perhaps because it paints an absurd picture, but only a fool would imagine the Spartans conducting their grocery transactions with armfuls of iron currency, for 300 years... Read More

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