0 sats \ 3 replies \ @BenAllenG 24 Apr \ parent \ on: Will Debt become extinct? antifragile
Debt certainly existed, the issue arose from debt practices like usury and indentured servitude which became so endemic that they banned the practices early in the Republic. While indentured servitude from debt alone remained illegal for the remainder of Rome's history, the ban on interest collection for the citizens did not last and was legalized soon after it was banned.
There were several public debt criseses in Rome that notably created some negative public opinion of debt taking, though being the global super power that they were they often exported the suffering not too dissimilar to today's us government. Following one particularly bad debt crisis Cicero banned the export of precious metals out of Rome
When every year it was customary to send gold to Jerusalem on the order of the Jews from Italy and from all our provinces, Flaccus forbade by an edict its exportation from Asia. Who is there, gentlemen, who could not honestly praise this action ?
Ofc it was exploited politically! 🤡
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