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Aristotle, Economics, Book 2, section 1348b (search)
me amount. Through this expedient, the private citizens possessed a currency which was good for their daily needs, and the state was relieved of its debt. Next, they proceeded to pay interest out of revenue to those who had advanced the silver; and little by little distributed repayment among them, recalling at the same time the currency of iron.Plut. Lycurgus speaks of an iron currency at Sparta, and Seneca De beneficiis of a leather one. These, not being exchangeable abroad, threw the nation upon its own resources and prevented the import of luxuries. The people of Selybria had a law, passed in time of famine, which forbade the export of grain. On one occasion, however, they were in need of funds; and as they possessed large stores of grain, they passed a