The economic policy of Nero is a point of debate among scholars. According to ancient historians, Nero's construction projects were overly extravagant and the large number of expenditures under Nero left Italy "thoroughly exhausted by contributions of money" with "the provinces ruined."[77][78] Modern historians, though, note that the period was riddled with deflation and that it is likely that Nero's spending came in the form of public works projects and charity intended to ease economic troubles.[79]Tacitus and Suetonius, I guess, were proto-Tea Partiers.
Saturday, March 6, 2010
Nero-Keynesianism
An odd parallel from the Wikipedia article:
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