Joseph R. Peden

Joseph Peden taught history at Baruch College of the City University of New York. He was a close friend and colleague of Murray Rothbard’s.

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Mises Daily Joseph R. Peden
By the time of Trajan in 117 AD, the denarius was only about 85 percent silver, down from Augustus’s 95 percent. By the age of Marcus Aurelius, in 180, it was down to about 75 percent silver. In Septimius’s time it had dropped to 60 percent, and Caracalla evened it off at 50/50.