Gold

Doug Henwood dhenwood at panix.com
Thu Feb 27 08:33:14 PST 2003


Michael Perelman wrote:


>Christians used to use the same charade.
>
>On Thu, Feb 27, 2003 at 07:41:22AM -0500, Max B. Sawicky wrote:
> > I thought Islamic finance entailed selling notes at
> > a discount, on the pretext that the repayments were
> > not the same as interest.

And, in 14th century Italy, complicated foreign exchange transactions that buried interest in the exchange rate.

Doug



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