Monday 13 November 2017

WHY THE MONETARY EXPERIENCE HAVE FAILED THE LAST 2600 YEARS ??


The Flavian general Q. Petilius Cerealis said : « no peace without arms, no arms without pay, no pay without taxes ».

and maybe we can add « no taxes without coins ». Coins were struck for fiscal needs and spread as a MEDIUM OF EXCHANGE.

THAT S THE CAUSE OF THE FAILURE OF THE MONETARY EXPERIENCE BY THE MANKIND THE LAST 2600 YEARS : A FISCAL TOOL BECAME AN ECONOMICAL AND SOCIAL TOOL.

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