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I remember reading about this in a chapter on Monetary History by Milton Friedman

this territory is moderated

well, if we really want to go down the history rabbit hole.. We would need to go back to Pohnpei in Micronesia- Nan Madol. The records(based on carbon) go back 12/15th century. Have fun looking at that, and it first started in the 8/9th century.

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