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<p>[QUOTE="EWC3, post: 4097397, member: 93416"]My own observation is that influential merchants have generally disliked coinage. Today the the big banks are trying to do away with them. In the 1930's Keynes scoffed at them. Around 1816 when silver coin was re-introduced in Britain the guy leading the parliamentary opposition was mockingly called "Old Merchant".</p><p><br /></p><p>This is in line with the thesis P N Ure lodged for the introduction of coinage at Ancient Athens - that it was a political move against the dominant merchant class.</p><p><br /></p><p>It is consistent too with Kurke's account of what happened in Ancient Lydia.</p><p><br /></p><p>Anyone got contrary facts?</p><p><br /></p><p>Rob T[/QUOTE]</p><p><br /></p>
[QUOTE="EWC3, post: 4097397, member: 93416"]My own observation is that influential merchants have generally disliked coinage. Today the the big banks are trying to do away with them. In the 1930's Keynes scoffed at them. Around 1816 when silver coin was re-introduced in Britain the guy leading the parliamentary opposition was mockingly called "Old Merchant". This is in line with the thesis P N Ure lodged for the introduction of coinage at Ancient Athens - that it was a political move against the dominant merchant class. It is consistent too with Kurke's account of what happened in Ancient Lydia. Anyone got contrary facts? Rob T[/QUOTE]
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