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Here is a short text (about inflation?) written by Martín de Azpilcueta (Dr. 
Navarrus) in 1555, both in bad English and old Spanish. 
 
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In countries where there is a shortage of money, all the other sellable things, even the
hands and works of men, are given for less money than where there is great abundance of
it; experience shows that in France, where there is less money than in Spain, bread, wine,
clothes, hands and works are cheaper; even in Spain in times when there was less money,
the sellable things, hands and works were given for much less than after the discovery of
the Indias covered her with gold and silver. The cause of that is, THAT THE MONEY IS MORE
VALUABLE WHERE THERE IS LACK OF IT THAN WHERE AND WHEN THERE IS ABUNDANCE.
 
(emphasis not in the original) 
 
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En las tierras do ay gran falta de dinero, todas las otras cosas vendibles, y aun las
manos y trabajos de los hombres se dan por menos dinero que do ay abundancia del; como por
la experiencia se vee que en Francia, do ay menos dinero que en España, valen mucho menos
el pan, vino, paños, manos, y trabajos; y aun en España, el tiempo, que avia menos dinero,
por mucho menos se davan las cosas vendibles, las manos y los trabajos de los hombres, que
despues que las Indias descubiertas la cubrieron de oro y plata. La causa de lo qual es,
que el dinero vale mas donde y quando ay falta del, que donde y quando ay abundancia
 
Martín de Azpilcueta, Comentario resolutorio de cambios. 
 
You can have a look at the profile of Dr. Navarrus at 
http://www.eumed.net/cursecon/economistas/azpilcueta.htm 
 
Juan Carlos M. Coll 
Universidad  de  Málaga 
 
 
 
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