Debt: The First 5,000 Years,Updated and Expanded
Description: Debt: The First 5,000 Years, Updated and Expanded examines the historical development of debt and its role in shaping economies and societies long before the invention of money. The book traces the social and economic implications of debt across different civilizations
ISBN: 9781612194196
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0xCMP
· 2019-07-10
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Original thread
Interesting bit about money since it's mentioned in there: Most economics give the same version in the notes which is that money just kind of _sprang up_ out of no where to solve this problem of trade, but it's actually very likely that Credit, and therefore also Debt, is the source of "money". That money only became more important as trade extended from tribes and to strangers we didn't trust. Also that the world goes through cycles of being currency heavy and credit heavy in their transactions of which right now we're living through a new credit heavy cycle which is hard to predict the outcomes of.
Recommend this book: https://www.amazon.com/Debt-Updated-Expanded-First-Years/dp/...
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https://www.amazon.com/Debt-Updated-Expanded-First-Years/dp/...