Welcome to Diocletian’s cashless society
Money is a pagan god because it has value only as long as people believe it does. Refuse to believe, and the value disappears. In the 3rd century ad, the Roman empire was under intense pressure, and emperors resorted to increasing taxes and debasing coinage to fund its protection. The result was terrifying inflation. Cash became worthless. Soldiers refused to be paid in it and the state to accept tax in it. So ‘requisitioning of supplies’ – goods, materials, labour – became, in effect, taxation ‘in kind’ to pay for the military; and the army plundered at random to ‘collect’ it. The emperor Diocletian rationalised the system by organising this requisitioning of supplies into a coherent tax scheme.