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  • Zarlenga writes (at monetary.org) that ???both Aristotle and Plato noted the paramount principle - that the nature of money is a fiat of the law, an invention or creation of mankind.??? Around 340 BC, Aristotle wrote: Money exists not by nature but by law.??? Money based on a commodity, such as gold or silver, on the other hand, has several disadvantages: A limited supply needlessly inhibits the
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