Silver Consensus & Grand Tribunal

[Berengar]

@ezzelino

@One Shot

@ezzelino

[*] £200,000 was sufficient to cause a lot of inflation, because less than that did cause a lot of inflation.

We understand here inflation as a loss of buying power of money, do we? Then, where from do you take your claim? It is not the dubious Harvey inflation (from 1973) Claughton still quotes under [2], or is it?
That inflation, as you can see from articles quoted on this thread (see https://forum.atlas-games.com/t/the-break-room/102/1 ), was already contested around 2003.

Let me understand: are you claiming
a) that there wasn't a significant inflation (used as a short hand for "loss of purchase power of silver") in the second half of the 12th century in England OR
b) that there was indeed significant inflation, but that it was not due to the vast masses of extra silver in circulation?

The 'Harvey inflation' is no longer referenced in Julia Crick, Elisabeth van Houts - A Social History of England 900-1200 - Cambridge University Press 2011, ISBN 978-0-521-71323-8 (see cambridge.org/us/academic/su ... ?format=HB ).
Reading this book online is possible via books.google.de/books?id=mM6OA8 ... er&f=false .

You find there:

@A Social History of England 900-1200

By the last decade of the twelfth century, silver from the north Pennines had declined to insignificant levels. Prospecting on the Welsh borders ... failed to find new sources and the only productive mine, near Basingwerk in northeast Wales, was probably under Welsh control. Thereafter, local sources of silver were to play only a secondary role in the English economy and it was tin which would dominate metal production.

@A Social History of England 900-1200

By the end of our period in 1200 the economy was increasingly commercialized with a strong silver-based currency and, although the peak in English silver production had passed, the search for new resources was beginning.

So no inflation then.

Of course (see also https://forum.atlas-games.com/t/the-break-room/102/1 ) this was not the state of the art in 1999, when Heirs to Merlin was written. So Heirs to Merlin reacts to 'Harvey inflation' - or its discussion - by having Stonehenge magi cause their own inflation. This shows the research that goes into the ArM books.
Also (see Card & Board Games ARCHIVE & LINKS ) Stonehenge covenants were indeed liable to 'political spending' at the very end of the 12th century, which - if excessive - could well have caused an inflation.

Cheers