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Money & Debt: Crash Course World History 202

submitted by RFlagg

9 years 9 months 2 weeks ago

The second in a new series about World History. From YT: In which John Green teaches about filthy, filthy lucre. Money. And Debt. So, what is money? And what is it for? And why do we use money? And why does it all disappear so quickly after payday? John will look into 75% of these questions, and if he doesn't come up with answers, we'll get into some interesting ideas along the way, at least. This week we'll investigate whether money displaces barter, then leads to war, slavery, and what we think of as civilized social orders. We'll also see what old Adam Smith thinks of big money, no whammies, this week on Crash Course.

We'll also talk quite a bit about Debt: The First 5000 Years by David Graeber. [I snipped their referral link since I thought there was a Videosift link way to link to Amazon, but can't recall the command.]

2 Comments

Trancecoach

says...

Speaking of lawn mowing, here in California, it seems the government is playing a game of good old, "Heads, I win; tails, you lose:"

California homeowners threatened with a $500 fine for letting their lawn go brown (and thereby driving down the value of "their" own home) during the drought:

"On the same day the state approved mandatory outdoor watering restrictions with the threat of $500 fines, the Southern California couple received a letter from their city threatening a $500 penalty for not watering their brown lawn."

It seems that California has a specific (if unannounced to the public) policy of keeping housing prices inflated just to get people out of the state. (And of course, the state gets their $500 either way.)