Wednesday, January 5, 2011

The History of Money

I doubt many people have enough time or interest to watch this film for three hours, but it's the sort of information we should have been taught in school, instead of all that boring Kings and Queens stuff...

If you don't have much time, the first ten minutes will basically explain where we're at now, with the rest going on to explain how the fractional reserve system originated. Some fascinating info here, and this was made 3 years ago. The system is creaking and groaning a lot more now:

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