Note the sequence: First the low spot, then the good years of the latter 1990s. Then too much of a good thing, followed by hard times:
Graph #1: Ratio of Credit to Money |
"The commonwealth was not yet lost in Tiberius's days, but it was already doomed and Rome knew it. The fundamental trouble could not be cured. In Italy, labor could not support life..." - Vladimir Simkhovitch, "Rome's Fall Reconsidered"
Note the sequence: First the low spot, then the good years of the latter 1990s. Then too much of a good thing, followed by hard times:
Graph #1: Ratio of Credit to Money |
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