Monthly Archives: November 2013

Debt – The First 5000 Years

This is my current read. To be honest, I bought it because it was on sale on Amazon, I’m interested in the history and because it was rated quite high. So far it’s an excellent find.

This book is reshaping how I think about finance, money, and debt. I’ve always been fascinated the the arcane way ‘money’ is created in our reserve banking system. It seems crazy that our banks create ‘government debt’ before they create money. If we want more money in our system, we create more government debt first. This seems a crazy way to run a banking system. And it explains why governments will always be in debt. Continue reading

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