'A Brief History of Money' by TheWebster futureofmoney money
Not for nothing did U.S. Senator Nelson Aldrich -- while reporting, in 1909, on the observations of his National Monetary Commission, in a"the study of monetary questions is one of the great causes of insanity."
“Money is therefore a kind of common “measuring stick” for the valuation of things. Now, whatever is taken as a measure has to be stable — must keep to a fixed limit. Otherwise, public order will necessarily be disturbed, and the buyers and sellers of things will be cheated many times over, just as if basic measures of length [Latin ulna, or ell], bulk measure [Latin modius, or peck], or weight did not have a fixed quantity.
“Nevertheless, money is needed for two reasons: first, because of the inconvenience of always having to carry around heavy weights of metal, and second, because the real value of the metals is not easily grasped by everyone at a glance. Thus it has become customary to mark money with a public seal, by means of which the proper amount of gold or silver is indicated as present in each coin, and that the public authority is to be trusted in this.
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