Some interesting observations about money from Washington’s blog. Bloomberg notes this week that the conventional theory of why money was created is wrong: There are, broadly speaking, two accounts of the origin and history of money. One is elegant, intuitive and taught in many introductory economics textbooks. The other is true. The financial economist Charles […]
Debt out of control has in ancient times been dealt with in a very simple fashion on many occasions: a Jubilee! That changed during the Roman empire. A debt was a debt and you repaid it end of story. It crushed economies, countries and people but the pound of flesh would be extracted. No matter […]
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