"the New England natives used neither silver nor gold. Instead, they used the most appropriate money to be found in their environment – durable skeleton parts of their prey. Specifically, they used wampum, shells of the clam Venus mercenaria and its relatives, strung onto pendants."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Nick_Szabo
Revision History
No revisions have been submitted for this quote.
Categories
Nick Szabo
8 quotes on TrueQuotesView all quotes by Nick Szabo →
Related Quotes
"Only a handful of tribes, such as the Narragansetts, specialized in manufacturing wampum, while hundreds of other tri…"
"Barter works well at small volumes but becomes increasingly costly at large volumes, until it becomes too costly to b…"
"On a larger scale, the Laffer curve may be the most important economic law of political history. Charles Adams uses i…"
"Clock time is a fungible measure of sacrifice. Of all measurement instruments, the clock is the most valuable because…"
"Nevertheless, this nice fiction allowed the United States to avoid creating a real locus of sovereignty by creating a…"
"Rug the spammers."
"All banks go bankrupt"
"Individual rights have been recognized by our jurisprudence only after long and costly struggles. They should not be …"
"Common sense and justice dictate that a citizen accused of a crime should have the fullest hearing possible, plus the…"
"Experience demonstrates that in time of war individual liberties cannot always be entrusted safely to uncontrolled ad…"