We will never see an end of ructions, we will never have a sane and steady
> administration until we gain an absolutely clear conception of money.
Mindlessly silly claim.
I mean an absolutely not an approximately clear conception.
Pity you clearly cant manage that yourself.
I can, if you like, go back to paper money issued in China in or about
> A.D. 840, but we are concerned with the vagaries of the Western World. Nope.
> FIRST, Paterson, the founder of the Bank of England, told his
> shareholders that they would profit because "the bank hath profit
> on the interest of all the moneys which it creates out of nothing."
Who cares what that fool said ?
What then is this "money" the banker can create out of nothing"?