Recent comments in /f/history

TheMDNA OP t1_iv76u3i wrote

One of my favorite historical figures. A slave girl who created one of the most fascinating periods in Ottoman history known as the 'Sultanate of Women', where consorts and mothers of the kings (often former slaves and concubines) had incredible amount of power.

5

BennyGoodmanBrown t1_iv753km wrote

I'm a collector of ancient coins, and the answer is: yes!

VCoins.com or MA-shops.com are marketplaces that have reputable dealers from around the world.

Avoid Ebay. I cannot repeat that enough. If you want to buy a fake or wildly overpriced coin, avoid Ebay. It's literally the worst place to buy an ancient coin if you don't count that guy on the street corner at the tourist site in Turkey.

Check out r/AncientCoins for more information on the hobby. That sub is a pretty chill and knowledgeable group and I've learned a lot from them.

5

ArkyBeagle t1_iv744wi wrote

> It’s clearly been a 100-year failure.

I'm less sure of that than you are. I made the mistake of reading ( most of ) "A Monetary History of the United States, 1867–1960" and the various panics and crashes of the 19th century were a big problem. Some of that is having money denominated in metals, some of it was stubborn attachment to other ideology.

Also - I suspect that the "Bernanke Put" worked great. That's more or less what the Fed was designed for - it was inspired by JP Morgan's ending of the Panic of 1907. Morgan died in 1913 so that avenue was lost. I think it shows well just how important an historical figure he was, regardless of any negative perception of him.

> Like a Sears home built in 1920 - the purchase price when adjusted with “silver math” comes out to almost exactly its current market value. CPI calculator had it at half.

Interesting. I'm just hoping that is not a coincidence.

I did find this:

https://en.macromicro.me/collections/3351/commodity-silver/26743/consumer-price-index-sa-yoy-silver

I'm not 100% sure there's always been signal there. But the 10 and 5 year '"breakeven" rates seem pretty stable ( which is literally half of the dual mandate ). Does that mean it's an overly managed figure ( if I read you right ) ? Possibly. They could work out to the silver figures run thru a "low pass filter", something econometricians do.

> the hunt brothers saga is a bit of a boone

If our currency was silver-backed I don't think speculation would be legal so it's a wee bit specious on my part to bring that up. It does however show that commodity money earns the seemingly-counterintuitive property of feeding instability. You'd think otherwise, right? Well...

2

oxfouzer t1_iv70cp2 wrote

I’m so dubious on Fed monetary policy. It’s clearly been a 100-year failure. I do “silver math” with lots of stuff and it’s almost always right. Like a Sears home built in 1920 - the purchase price when adjusted with “silver math” comes out to almost exactly its current market value. CPI calculator had it at half.

And yeah, the hunt brothers saga is a bit of a boone, but if you average around it just a little then things still fall into place.

Basically, my contention is that current CPI metrics basically always indicate things as being worth half of what they really are. Because the people who control those numbers are incentivized for it to do so.

2

Reddituser45005 t1_iv6zz97 wrote

Yes. The Native Americans were more evenly matched in their fighting capabilities with the Vikings than they were against the later Europeans. The later Europeans brought muskets, cannons, horses, and smallpox. For the Vikings, getting to the Americas was only half the challenge. Making it back was the other. It is also possible that having reached the Americas, the Vikings chose to stay. The locals may have welcomed them.

3

ChaddymacMadlad t1_iv6zpqc wrote

English is such a moshpit of languages, after the first civilisations established you had the celts take over, then the latin romans, then the germanic tribes from whats nowadays the netherlands, then scandinavians from denmark and norway, then the french. Its just language after language slapping itself over the island, all having a few bits stick around

1

ArkyBeagle t1_iv6uvg1 wrote

This is a very good point but it will only hold for certain goods. Sorta "pawn shop goods" if you will. I don't think it holds for all such goods.

I don't know of a vetted data set that shows this correlation holds over time, either. Do you know of one? I'd be interested if you do.

Over time, the fashion has been to emphasize the "unit of exchange" property of money over the "store of value" property. There are practical reasons for this.

It's known ( to monetarists , not everybody ) that inflation is usually - the present one is the exception - caused by error in money supply creation. Some people think the error is necessary but some do not. SFAIK, the main goal isn't anything more than avoiding deflation and another Depression. There's the use of it of maintaining government funding. If the economy could actually treat the government as an outage and route around it, I suspect it would. But there's actually emerging Marxist theory about why it doesn't. It's Marx-based and not completely contained in works like Kapital. It could also be wrong; it's emerging.

I'd also throw in the the Hunt Brothers attempt to corner the market in silver shows another weakness of specie.

But SFAIK it's known that CPI has problems. It's required because of the Fed's dual mandate. That sort of thing is again done in memory of the Depression.

2

Scalpaldr t1_iv6s47l wrote

>The language of the runes remains in question too. "The inscriptions are not a Viking script, but a combination of [runic languages] Elder Futhark and Younger Futhark, which predates when the Vikings would have been traveling," said Dennis Peterson, archaeologist and manager of the Spiro Mounds Archaeological Center, the source of America's largest collection of prehistoric Native American relics, not far from Heavener.

So some vikingaboo carved it and now the locals want to keep the belief that it was done by Norse traders going because it makes them money from tourism.

117