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Banks have been a thing almost as long as money.
by paxys 2y ago
Banks have been a thing almost as long as money.
- kibwen 2y agoAnd the notion of credit has been a thing even longer than both money and banks. You don't need to carry money around for every little transaction if people know you're good for it someday in the the future.
- verzali 2y agoDon't you need an idea of credit for money to work at all? You need to be able to trust that the shiny rock you give me today for my wheat will be worth anything tomorrow when I want some of your meat.