August 3, 2019

The Invention of Money

Thanks to self-described banker's son John Lanchester for this little trip down hey-in-case-you-forgot-the-origins-of-currency-are-as-dubious-as-you-suspected lane in The New Yorker. The brief tour of monetary history features Kublai Khan, John Law and Walter Bagehot, reminding readers that "the instruments of trade and finance are inventions, in the same way that creations of art and discoveries of science are inventions—products of the human imagination." We'll go a step further: read this to remind yourself that finance has long been about what powerful men can get away with.


Illustration by Mark Long originally published by The New Yorker

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