An interesting interview (the second half of the programme) where David Graeber describes his anthropological study of 5,000
years of Debt which shows that dispensing credit precedes even the
invention of money.
Hear the interview at:
http://www.bbc.co.uk/programmes/b0196rp1
See the book:
http://books.google.co.uk/books?id=GYhajCQU8XIC
Posts
High and higher. US credit card rates.
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Increasingly, we have to pay to pay. Directly, but also indirectly. For
instance, credit card payments entail borrowing, and debts entail interest
payments...