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03-08-2012, 05:50 PM
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Bloomberg (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFn3hRDaulbrtXik125MKpyXGWNMA&url=http://www.bloomberg.com/news/2012-03-08/how-alchemists-invented-modern-finance-echoes.html)


How Alchemists Invented Modern Finance: Echoes (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFn3hRDaulbrtXik125MKpyXGWNMA&url=http://www.bloomberg.com/news/2012-03-08/how-alchemists-invented-modern-finance-echoes.html)
Bloomberg
They published the first proposals for a generally circulating credit currency, which provided the basic inspiration for the eventual creation of the Bank of England in 1694. The first credit-money proposal -- to issue paper money backed by land -- was ...

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