But that same book also has a very succinct and useful definition of money - remember the scenario wherein thieves are stealing from you and you need a token to show to the thieves to prove you've already been stolen from that day ?
And then those tokens become valuable themselves ?
I thought that explanation was quite interesting but was unsure of its value in describing the real world. BUT THEN, I remember the description in Zinns _Peoples History of the United States_ wherein he describes exactly that scenario:
Columbus wanted gold out of Haiti. There was none. They told the natives to get it anyway, and gave them copper necklaces to indicate that they had fulfilled their gold tribute. "Indians found without a copper token had their hands cut off and bled to death."
So ... to whatever degree this picture of money is accurate, and it appears that it is more accurate than I thought after simply reading "Debt", and to whatever degree central banking is a continuation of that process ... I would have to look askance at central banking, yes ?
And then those tokens become valuable themselves ?
I thought that explanation was quite interesting but was unsure of its value in describing the real world. BUT THEN, I remember the description in Zinns _Peoples History of the United States_ wherein he describes exactly that scenario:
Columbus wanted gold out of Haiti. There was none. They told the natives to get it anyway, and gave them copper necklaces to indicate that they had fulfilled their gold tribute. "Indians found without a copper token had their hands cut off and bled to death."
So ... to whatever degree this picture of money is accurate, and it appears that it is more accurate than I thought after simply reading "Debt", and to whatever degree central banking is a continuation of that process ... I would have to look askance at central banking, yes ?
[1] http://www.thirdworldtraveler.com/Zinn/Columbus_PeoplesHx.ht... (see paragraph that begins "But too many of the slaves died in captivity")