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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 458.00+1.4%Jan 23 4:00 PM EST

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Pogeu Mahone
To: TobagoJack who wrote (150146)8/18/2019 10:39:45 PM
From: carranza21 Recommendation  Read Replies (2) of 219750
 

The world tried printing and jubilee



Graeber sagely points out that jubilees were like allowing land to be fallow every now and then, unproductive in the short term but regenerative in the long.

The laws against usury were well thought out. Muslims were not allowed to charge interest, back in the day.

Things became tough when debts became impersonal, when they could be sold. The new holder could care less if a debtor’s family had to become indentured serfs so long as he got paid. The original lender, who knew the debtor, might not be so ruthless.

Graeber’s book is extremely provocative. He demolishes the notion that barter came first, then money.

The book is tough slogging, long and detailed, the first 150 pages will do. The prologue is brilliant.

I’ll probably read his latest, Bullshit Jobs.

goodreads.com
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