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Well thats the whole point of the debt book. Taking that progression and poking holes in it. IIRC, Graber suggests that physical money came in too play when k
by alexilliamson 5y ago
Well thats the whole point of the debt book. Taking that progression and poking holes in it. IIRC, Graber suggests that physical money came in too play when kings needed to levy armies.
- __MatrixMan__ 5y agoI know this is a lousy source, but my Latin teacher in High School claimed that Caesar invented fiat currency (although she didn't use those words). He put is face on gold coin, gave it to soldiers, and demanded that his taxes be paid not in any-old-gold, but in Caesar-face gold. Thereby ensuring that recently conquered villages have an incentive to feed and house the solders that conquered them. This way, those soldiers didn't need to resupply before moving on to the next village. It would seem that we've been using money to override ethics on behalf of the powerful ever since.