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Costless, Limitless, Meaningless Money, Part I - Adrian Ash - Bullion Vault

The Greeks invented democracy, the Olympics, metaphysics and tragedy. Those last two might have come thanks to the fact they also invented money, which itself might prove just as important as it is ironic today.
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Lovely - surely the 1/2 drachma argument from Prodicus or 2 or 4? More irony - these Greeks as always could have had more money under some tighter auspice except their tragedians won't tolerate the heavy hand, and then they fall for tragedy everytime, or their tyrants ignore the gods, and that's the same recipe somehow - or so the tradegy speaks of. The courtesan for her part just says she's for Easter.

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Beginning of the headline :Once-upon-a-time, a debt default wasn't known as "forgiveness"... The FINANCIAL TIMES took two days to catch on. Monday's edition of the FT was printed too early to catch it; Tuesday's lookedway off the mark by the time it came out. But Richard Nixon had cut the US Dollar's link to gold – and thus everything else's link to gold too – on Sunday evening, Washington time, 15th August 1971... Read More

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