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Enthusiastic Reader is on page 47 of 534 of Debt: The First 5,000 Years
"A gold coin is a promise to pay something else of equivalent value to a gold coin. After all, a gold coin is not actually useful in itself. One only accepts it because one assumes other people will. In this sense, the value of a unit of currency is not the measure of the value of an object, but the measure of one's trust in other human beings."
Jul 02, 2021 06:27AM Add a comment
Debt: The First 5,000 Years

Enthusiastic Reader
Enthusiastic Reader is on page 47 of 534 of Debt: The First 5,000 Years
"A gold coin is a promise to pay something else of equivalent value to a gold coin. After all, a gold coin is not actually useful in itself. One only accepts it because one assumes other people will. In this sense, the value of a unit of currency is not the measure of the value of an object, but the measure of one's trust in other human beings."
Jul 02, 2021 06:25AM Add a comment
Debt: The First 5,000 Years

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