| Subject: | [socialcredit] Historic accuracy? | | Date: | Sunday, April 1, 2007 07:55:20 (-0700) | | From: | william_b_ryan <william_b_ryan @.....com>
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"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..."
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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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Historic accuracy?
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