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If inflation is not eliminated very soon, all our technological and scientific improvements

will not prevent us from a tremendous financial catastrophe that will destroy practically

all that civilization has created in the last several hundred years.

The philosopher George Santayana stated that those who cannot remember the past are condemned to repeat it,

and in the modern day we are committing a massive economic blunder which has brought ruin to countless past societies.

Central banks are inflating our money supplies at rates that could bring about the collapse

of our economy and pull down civilization with it.

And in this video, using the example of ancient Rome, we will explore the destructive effects

of a policy of inflation.

No matter how modest or benign it may seem at first, an inflationary policy is always fatal

in the long run.

It has been tried many times and has always failed.

It does not solve the problems of the society.

It aggravates them and leads inexorably on towards

self-destruction.

Inflation is defined in several ways.

Some use it to refer to a rise in the general level of prices, or what can be called price

inflation, others use it to refer to an increase in the supply of money issued by a government or a central

bank, which is called monetary inflation.

For the purpose of this video, we are going to concentrate on the latter phenomenon, as monetary

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