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Interesting thing about debt is that there is evidence supporting the view that debt predates money, and money came about to represent that (not, as Adam Smith
by stephen_g 8y ago
Interesting thing about debt is that there is evidence supporting the view that debt predates money, and money came about to represent that (not, as Adam Smith postulated that there were bartering economies and then money came in as a more efficient way of trading) - see https://www.theatlantic.com/business/archive/2016/02/barter-society-myth/471051 https://www.theatlantic.com/business/archive/2016/02/barter-...