30-07-2019 22:01 via feedproxy.google.com

The Invention Of Money Changed Everything About How The World Works

“Paper money, backed by the authority of the state, was an astonishinginnovation, one that reshaped the world. That’s hard to remember: wegrow used to the ways we pay our bills and are paid for our work, to thedance of numbers in our bank balances and credit-card statements. It’sonly at moments when the system buckles that we start to wonder whythese things are worth what they seem to be worth.”– The New Yorker
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