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Is money a commodity or credit. I think both. But the commodity story is told everywhere whereas the credit story is not well known. This video therefore fills that gap by explaining the re-emergence of credit in Europe.
BIG SHOUTOUT to Professor Dirk Bezemer, with whom I collaborated to create the script for this video.
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5 BOOKS THAT INSPIRED THIS CHANNEL
The Narrow Corridor: States, Societies, and the Fate of Liberty: amzn.to/3gr6pSV
Money Changes Everything: How Finance Made Civilization Possible: amzn.to/3mt3xbY
Adaptive Markets: Financial Evolution at the Speed of Thought: amzn.to/3sCkS3a
House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again: amzn.to/3gqXNeZ
The Third Pillar: How Markets and the State Leave the Community Behind: amzn.to/382Agwo
SOURCES:
I've linked my sources in the blog that goes along with this video. Most links are in the text. But, I added some extra literature and data sources to the end of the blog.
www.moneymacro...
Timestamps:
0:00​ - introduction & theories
2:55 - rise of the money changers
5:38 - rise of bill-dealers
7:46 - rise of bankers & conclusion
Attribution:
- Thought-bubble: created by Harryarts - www.freepik.com
- Business vector created by rawpixel.com - www.freepik.com
Narrated and produced by Dr. Joeri Schasfoort (University of Cape Town & University of Groningen)
/ joeri-schasfoort