this post was submitted on 27 Feb 2025
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But the mines were far from exhausted when the inflation started - inflationary policies of debasing the denarius were clustered from Septimius Severus to Diocletian, and each time done by Emperors whose grasp on power was not secure, yet needed to spend money to maintain their legitimacy.
For that matter, they were far from exhausted when the inflation ended, along with the monetary system.
Rio Tinto was exhausted, or at least exhausted of what could be reached using methods of the time. The output of those mines tapered off around 200AD which coincides (not really a coincidence) with the reign of Severus and the beginning of economic troubles. You're correct that they didn't exhaust Dacian mines but they did lose access to them, also not coincidentally a few years before our favourite cabbage-farmer took power and did what he could to right the economy.