Lately I have been
binge watching Time Team. The show is a
British archaeology "reality" show where a team conducts a three day
dig at some site in the UK. When digging
Roman sites, they invariably find coins from the Roman occupation (roughly 60 –
400 CE). One a recent episode that was
taking place in Greenwich, they found coins from almost the entire four century
period. They matter-of-factly discussed
the monetary policy of the emperors and how they devalued the currency. The early coins were nearly pure silver but
later ones where either smaller or mixed with other metals. They commented on how this disrupted the
economy as it was something everyone should know. So even British archeologists know
the basics of sound money.
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