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Re:IMF Head Foresees the End of Banking and the Triumph of C... by taw55 on Monday October 02, 2017 @09:38AM (#15383692)
> The world functioned without those things for much longer than we've had them. In the past, the only controls were whether new precious metal or other resource deposits were found.

The oldest forms of scripture we’ve found are mesopotamian clay tablets depicting the debts of people relative to eachother (John still needs to pay back Don for that ox he got last year). They were stored in temples and administered by the clergy... centrally.

Re:IMF Head Foresees the End of Banking and the Triumph of C... by xapata on Monday October 02, 2017 @03:57PM (#15387376)
Credit existed before currency and currency well before national markets or anything resembling modern economics.