From Barter to Billion $ Deals: A History of Business Credit & What You Need to Know in 2024
The history of money is a history of credit. While many people believe money was created to make a cumbersome barter system easier to navigate, Felix Martin debunks that theory in his book, Money: The Unauthorized Biography, writing: ”...currency is not itself money. Money is the system of credit accounts and the clearing that currency represents.” And the history of credit is deeply intertwined with the history of business credit. Several thousands of years ago, for example, farmers borrowed to… Read More