out-point

Updated: May 9, 2025

As money increased in quantity it was loaned at rates of interest by merchants and bankers who owned it and used it for their purposes. Accumulating wealth and money enabled the traders, merchants, bankers and manufacturers to out-buy and out-point landlords and churchmen. Politically, these changes reduced the authority of absolute monarchies.

Scott Nearing - Civilization and Beyond: Learning from History