| Subject: | Re: [socialcredit] Historic accuracy? | | Date: | Monday, April 2, 2007 18:12:42 (+1200) | | From: | William Hugh McGunnigle <wmcgunn @.........nz>
|
With due respect the Innes papers were designed to try to demonstrate that
there was no control of coinage in the dark ages. They ignored to a large
extent the fact that monarchs used the "tally stick" to keep track of
finances and these were used for "tax assessment". Coin value was related to
these. I therefore stand by my previous statement that, although it appeared
that coinage was not really under control there was a rigid value system
related to weight of Gold, Silver and Copper metal in coins. The methods of
assessing coin purity had been established long before the advent of the
Roman Empire by Archmeides of Greece. Although it appeared crude by modern
methods of assey it was still adequate for practical purposes. Contrary to
popular belief the men who did this type of assey work were skilled and
generally honest because they were appointed by Royal decree. The penalty
for incorrect assey was death. Innes work, while skilled and undoubtedly
honestly conducted, suffered from an obvious bias. He was selective in his
choice of primary sources and tended to ignore sources that contradicted his
basic premises. In all fairness he is not the only historian to do this, but
he is open to strong critisism because of it. I personally cannot condemn
him as a charletan he was too good an historian for that, but do regard his
work with a great deal of reserve. You are however correct in quoting his
work as a valid source of contradiction to my own research.
W.H.McGunnigle
----- Original Message -----
From: <william_b_ryan@yahoo.com>
To: <socialcredit@elistas.com>
Sent: Monday, April 02, 2007 2:55 AM
Subject: [socialcredit] Historic accuracy?
> "In the AngloSaxon days in Britain coins were minted
> all over the place, and there was no inflation. The
> only criterion was that the coins had to be of a
> certain size, weight and metal. It appears that coins
> were simply issued into circulation by the local
> authorities when they were needed for trading or tax
> purposes. Inflation and financial problems only
> started when monarchs were persuaded to allow
> 'bankers' to control the financial affairs of the
> realm and the issuing of coins. True, this is a gross
> oversimplification of the complex financial
> shinnanigens of the late middle ages..."
> --------------------------------------------------
> ---------------------------------------------------
>
> Perhaps not only simplification but also
> falsification. Please read the Innes papers at
> http://www.geocities.com/new_economics/innes
> I particularly challenge the assertion that there was
> a criterion that "coins had to be of a certain size,
> weight and metal." Innes demonstrates quite the
> opposite.
>
>
>
> --- William Hugh McGunnigle <wmcgunn@maxnet.co.nz>
> wrote:
> [snipped]
>
>
>
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