3 ms·
Is that right? I thought fiat was a lot more recent.
by jafaku 13y ago
Is that right? I thought fiat was a lot more recent.
- kaonashi 13y agoFiat (credit) came first. As trust in central authorities broke down, barter & convertible currencies came into vogue. A good book on the subject: http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290 http://www.amazon.com/Debt-The-First-000-Years/dp/1612191290