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Inflation in Rome, Weimar Germany and Soviet Russia with Mark Koyama

Episode 12 of of the Works in Progress podcast is about how inflation undermines state capacity.

People hate inflation. It undermines faith in the government, eating away at the goodwill required for projects like nuclear power and, in democracies, making people more likely to vote for extremist parties.

Ben and Pieter sit down with economic historian Mark Koyama and discuss the fallout of historical inflation crises from the Roman Empire to Weimar Germany. Ben reveals his hidden libertarian 'Gold Bug' tendencies.

You can also listen to the episode on Spotify, Apple Podcasts and YouTube.

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