Or wells in New York? Cheers, Lawry
On Sep 25, 2010, at 12:50 PM, Keith Hudson wrote: > A delightful story of ancient banking -- much like today, actually. Are there > any mines in Sardinia? > > <<<< > Refutatio omnium haeresium, a work attributed to Hippolytus and found in a > convent on Mount Athos in 1844, reports the bankruptcy of Callistus's in > detail. Like the recurring crises which plagued Greece, the bankruptcy of > Callistus occurred after a pronounced inflationary boom followed by a > serious confidence crisis, a drop in the value of money and the failure of > multiple financial and commercial firms. These events took place between 185 > and 190AD under the rule of the Emperoro Commodus. > > Hippolytus relates how Callistus, at the time a slave to his fellow Christian > Carpophorus, starting a banking business in his name and took in deposits > mainly from widows and Christians (a group that was already increasing in > influence and membership. Nevertheless, Callistus deceitfully appropriated > the money and, as he was unable to return it on demand, tried to escape by > sea and even attempted suicide. After a series of adventures, he was flogged > and sentence to hard labour in the mines of Sardinia. Finally he was > miraculously released when Marcia, concubine of the Emperor Commodus and a > Christian herself, used her influence. Thirty years later, a freedman, he was > chosen as the seventeenth Pope in the year 217AD and eventually died a martyr > when thrown into a well by pagns during a public riot on October 14, 222AD. > >>>> > > From: Money, Bank Credit and Economic Cycles by Jesus Huerta de Soto (Ludwig > von Mises Institute, 2009) > Keith Hudson, Saltford, England > > _______________________________________________ > Futurework mailing list > [email protected] > https://lists.uwaterloo.ca/mailman/listinfo/futurework
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