- Reco reading for the long weekend. Both works are intricately related. Speculation drives debt drives speculation. The former is an imp work in the context of crypto which gets a bad rap as v speculation driven. Turns out propensity to trade & speculate are as old as civilisation https://t.co/CT07jGlpPc
- @markburgess_osl Debt is indeed a promise! https://t.co/eJkiAOyH5h. .
- @siddy_sid001 “Debt: the first 5000 years” by @davidgraeber is an amazing book on the subject
Here anthropologist David Graeber presents a reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. --