Debt - The First 5,000 Years

Key Facts or Insights from "Debt - The First 5,000 Years"

1. The concept of debt predates the concept of money.
2. Barter systems, contrary to popular belief, were not the economic norm before the advent of currency.
3. Historically, debt has often been linked to unethical or exploitative practices, including slavery and colonization.
4. Debt cancellation has been a common practice throughout history, and has often led to periods of prosperity.
5. Credit systems often emerged in societies before the coinage.
6. Our current economic system is based on a state's promise to protect and enforce property rights, which is itself a form of...

   Please log in or register to view the full book summary.