I disagree with a lot of it but it provides interesting points and historical arguments for things.
That's why I was curious to hear peoples' thoughts.
Often when I write about money I get an email like, "but have you read Graeber?" and I'm like, "oh here we go again" because it takes time to address.
Keep fighting the good fight and spreading your incredible insight Lyn!
I like to listen to big books so I can get a quick preview of the content.
Its still sitting in the shelf. I got intimidated. :)
Lyn, it seems to me that a) 90% of banks are feeling like they may NEED to raise more capital… b) it’s now gonna be very hard and very expensive to raise capital through equity and debt right now… so, do you expect banks to just bleed down for foreseeable future? Massive consolidation coming? 1,000 banks => 10 banks type of thing? Thanks, ml
Would love to hear what you agree with, but especially what you disagree with in regard to the book.
I haven't read it yet, but on the left, it is THE most reputable, established and referenced work for money, banking and credit. On my reading list too, but I had been putting it off because I have a general feeling it misses the point. Looking forward to reading about your engagement with it.
The one thing I remember. Was that for a lot of history Debt had to be repaid no excuse. Even if it meant full enslavement of your immediate family until it was squared. That sounds scary to be on the wrong side of. I guess they had some skin in the game when playing with other peoples money 🤔
Not yet to read it. But watched his speech about debt.
From his research that the debt had always been a first cause of most rebellions/revolts in the last 5000 years.
And the interesting part is, we got the knowledge that the barter was the first transaction method. But, in his speech it was a Credit.
