How Long Will The US Dollar’s Dominance Last?
301 AD was a big year for the Roman Empire. Q2 2021 hedge fund letters, conferences and more The Roman Emperor's EdictThat was the year that, amid spiraling inflation, Emperor Diocletian issued his Edict on Maximum Prices, essentially fixing prices of just about everything across the Roman Empire. The price of wheat, a day labor’s wages, a quart of olive oil, transportation rates– everything was established by the Emperor’s edict, and enforced under penalty of death. Diocletian’s edict infamously didn’t work, and the empire plunged into even more severe inflation. The other big event of 301 AD...