“Since money belongs to the community … it would seem that the community may control it as it wills, and therefore may make as much profit from alteration as it likes, and treat money as its own property.”

—  Nicole Oresme

Source: Traictie de la Première Invention des Monnoies (1355), Ch. 22: Whether the community may alter money.

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Nicole Oresme photo
Nicole Oresme 7
French philosopher 1323–1382

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