4 ms·
It's much more likely that money started out from debt/obligation systems. Coins for immediate payment stayed pretty uncommon except between parties that didn't
by legulere 5y ago
It's much more likely that money started out from debt/obligation systems. Coins for immediate payment stayed pretty uncommon except between parties that didn't trust each other for a pretty long time. With fiat money the government acts as a trusted third party.
Early taxes like the tithe were also not money-based.