Posts Tagged ‘economics’

DEBT: The First 5,000 Years

Tuesday, April 23rd, 2013   Submitted by Davi Barker

David Graeber is an anarchist author who teaches anthropology at Goldsmiths College, University of London. His book, “DEBT: The First 5,000 Years” takes an anthropological approach to the history of debt, not just who owed what to who, but how debt was used and what it meant in various cultures. David gave this talk as part of the Authors@Google program. It’s a long view, but utterly fascinating. I was especially astounded to hear him claim that there is no historical basis for barter economies, and in fact recording debt was the common means of transacting without currency. This video is chalked full of startling information, that was at least new to me. Enjoy!

Bumps in the Bitcoin Road

Wednesday, April 17th, 2013   Submitted by Jeffrey A. Tucker

BitVolatileNow that Bitcoin seems to be on the way toward monetization, or at least the long process is noticeably underway, there are a number of issues that are troubling people. I will deal with a few here. Note this crucial distinction which is somehow lost on many commentators on the Bitcoin issue. The flaws are not with the technological unit itself but with its mode of delivery in real market conditions.
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