Ancient Romans used metal coins made of precious metals like gold or silver, with the value tied to the metal content.

Ancient Roman Currency

The Roman government made more coins without acquiring more gold by shaving off pieces of existing coins and melting them with less valuable metals, reducing the gold content and intrinsic value of each coin.

Debasement of Currency

This creation of new money through debasement devalues everyone else's money, meaning the same amount of money buys less.

Impact of Debasement (Cheating)

Inflation is defined as a situation where money becomes worthless, requiring people to use more money to buy the same things.

Definition of Inflation

The video uses the analogy of inflation as a "monster" that originates in the government mint and spreads, "stealing" from people by reducing the value of their saved money.

Inflation as a "Monster"

The video, "What is Inflation in 2 Minutes" by Tuttle Twins, explains inflation using the following topics:

Watch full episodes of Tuttle Twins on the Angel Studios app: https://bit.ly/WatchTuttleTwins

The Tuttle Twins visit ancient Rome with the economist Milton Friedman and learn about inflation. They see how the Roman government shaved down gold coins to create more money. The Twins learn how shaving coins caused their currency to lose value.

From 👾 The Inflation Monster 👾 https://youtu.be/FtaUelnAXrc

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In every episode, twin siblings Ethan and Emily Tuttle join their Grandma Gabby on crazy time-traveling adventures. Together they visit important places in history and meet well-known historical figures such as Benjamin Franklin, Frederic Bastiat, Susan B. Anthony, Milton Freidman, Adam Smith, Harriett Tubman and more!

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The official channel of the Tuttle Twins show. Tween twins, a crazy grandma & a time-traveling wheelchair. This is a show that teaches kids principles of freedom and economics. Fasten your dentures! 

What is Inflation in 2 Minutes

Ancient Roman Currency

Debasement of Currency

Impact of Debasement (Cheating)

Definition of Inflation

Inflation as a "Monster"

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