Six hundred years of the middle ages, and today's return to the free creation of monetary values out of nothing by private banks, prove that what we call progress is not at all guaranteed for the human race.

The comparison is not at all out of balance because the west needed three hundred years to conclude that printing paper money is a very serious matter and has to be controlled by structured institutions securing a political and social control on this crucial activity.

Paper money


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now