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Yeah, that’s valid. On the other hand it’s not worth reading the same perspective over and over again. David Graeber explains history and lets you draw your own conclusions. Opposing some austrian ideas is not always argumenting for keynesians. David was really not a fan of current economic & political climate either. Also it’s very worth to understand the how metalic standard and coinage came to be even for austrians.

Replying to Avatar Hindu

TLDR?

I asked chat GPT to summarize it:

"Debt: The First 5000 Years" is a book by David Graeber that explores the history, nature, and impact of debt on human societies throughout the ages. It challenges common assumptions about the origin and nature of debt, and provides a comprehensive examination of its economic, social, and moral implications.

The book is divided into several sections, each focusing on different aspects of debt. Graeber starts by debunking the myth that barter was the original form of economic exchange before the invention of money. He argues that in many societies, debt and credit systems were actually the earliest forms of economic interaction.

Graeber then delves into the historical development of debt, from ancient Mesopotamia to the present day. He examines the evolution of debt in different civilizations and explores how debt relationships have shaped social, political, and economic systems.

Throughout the book, Graeber challenges the prevailing belief that debt is primarily an economic relationship. He argues that debt is a deeply social and moral phenomenon that involves power dynamics, trust, and coercion. He explores how debt has been used as a tool of social control and domination, often leading to cycles of debt bondage and economic inequality.

Furthermore, Graeber discusses the impacts of debt on various aspects of society, such as war, slavery, and the rise of capitalism. He argues that debt has played a significant role in shaping political and economic structures, and has had profound effects on individual lives and social relationships.

Overall, "Debt: The First 5000 Years" provides a rich historical and anthropological analysis of debt as a fundamental aspect of human society. It challenges conventional economic perspectives and offers a thought-provoking exploration of the complex interplay between debt, power, morality, and social relations.

Very much recommended to anyone interested in the topic of money 👍

#bookstr

The future looks bright

Started from the bottom, now we’re here

You can try using hashtags

#growstr

#bookstr

I’m sure there are plenty of others

Zaps on Twitter good

Zaps on Damus bad

#[1]​ #FuckApple

Stack wisely

#FuckApple

nostr:note1jr88ducezj92urd6zc2cjvj89sz72guavt694e5qx3fu6x99tdysrxmf5g

Why is Apple okay with zaps and even shitcoin donations on Twitter???

Probably better investment than most alts