Monday, January 28, 2013

Money Wisdom #69

[Re Slavery in Nigeria circa C19th] "Several authors blamed for the existence of slavery the absence of an easily portable currency of high value. ....The view was often expressed in those days that the introduction of coins would go a long way towards doing away with slavery. There can be no doubt that the penetration of modern money was in fact helpful in that direction."

Paul Einzig Primitive Money (1948) p.149

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