Friday, October 29, 2010

Papyrus research provides insights into 'modern concerns' of ancient world

Papyrus research provides insights into 'modern concerns' of ancient world: "Katherine Blouin from the University of Toronto publishes on a papyrus text regarding a Greek loan of money with interest in kind, the interest being paid in cabbages. Such in-kind interest protected the lender from currency inflation, which was rampant after 275 AD."Bonds are pay interest in some asset other than money

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