History repeats itself: the financial crisis of Rome

From pp. 331-332 in Caesar and Christ:

The famous "panic" of A.D. 33 illustrates the development and complex interdependency of banks and commerce in the Empire.  Augustus had coined and spent money lavishly, on the theory that its increased circulation, low interest rates, and rising prices would stimulate business.  They did; but as the process could not go on forever, a reaction set in as early as 10 B.C., when this flush minting ceased.  Tiberius rebounded to the opposite theory–that the...