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consistent with the amount of metal that is selected as a referenceand who is in them; then the money won't mean anythingother than its measured value. In this sense, anonymousthe author of "Compendia" requires that "all currentlyin circulation, the money would not be more so startingfrom a certain date" as "the excess of" nominal valuelong since changed the measuring function of money; you need to havecirculating banknotes were made only "under evaluationthey contain metal"; as for new money: theywill have as their nominal value to their ownweight: "from this point on will apply only to new andold money, endowed respectively with only one valueone weight, one value, and thus the money againwill return to its previous rate previous q"<$FId.,ibid., p. 155.>. Unknown influence whether the text of the "Compendia",which until 1581 remained unpublished, although it certainlyexisted and circulated in manuscript form for thirty years beforethis, on fiscal policy in the reign of Elizabeth. Wellit is known that after a number of "exceedances" (devaluations) between 1544 andMarch 1559 years resolution 1561 "reduces"the nominal value of money and reduces it to the numberthey contained metal. Also in France the States-General in1575 call and seek cancellation of SDRs, whichintroduced the third, a purely arithmetic definition of money,adding it to the definition by weight and using a nominalcost: this is an additional relation is concealed from those whoin this poorly understood the meaning of financial speculation. The edict fromSep 1577 sets the gold ECU as a coin,have real value, and as unit of account;defines the discipline of gold to all other metals, in particularsilver, preserving arbitrary value, but losing itslegal immutability. So the money is returned to the referencethe value corresponding to the weight of the contained metal. Signwear them - valor impositus-only a precise and clear indicationthey adopt the measures.
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