3 ms·
I would strongly disagree with that characterization. The bank note system - the major form of private money - worked reasonably well for centuries in Europe, e
by rphlx 9y ago
I would strongly disagree with that characterization. The bank note system - the major form of private money - worked reasonably well for centuries in Europe, evolving into the check clearing systems that virtually every first-world nation has today.
- jbrun 9y agoThat was much later on. I am talking about basically end of Roman Empire to 1600.