May 22, 2020
Welcome to Finance and Fury, The Furious Friday edition.
I love history – valuable lessons. When looking at us To those in the past - Culturally we are different, but biologically we are not. If any one of us was put back in time to grow up in past civilisations, we would be no different to the local people in that time period – the environment we grow up in has a lot to do with our values and outlooks
One thing is fairly consistent with human nature – path of least resistance – as an aggregate – driver for technology and innovation –
In this episode - We will be looking back in history - looking at one of the greatest civilisations in history. And how they declined – economically anyway – many many things contributed to their decline – but there is a parable when it comes to their economic decline – what happens when the population becomes reliant on the government that has complete control over the currency?
Rome rise – and economic fall from the people losing power - Rome is a good example:
Economic Side – in the early republic
Rome went from a back water swamp to a wealthy country – became the age of Affluence!
Moral of the story – Fuelling demand through authoritarian controls never works – long term – can show promise in theory