Sunday, 3 August 2008

Money as debt

A slightly unusual inclusion for this blog, but I stumbled across this lengthy exposition of how money works. It's interesting how something so fundamental is so poorly understood, perhaps like most of the important things in life! So, if you think that money is merely a cheque for gold, think again. Video here and thankfully in cartoon format.

1 comment:

Violeta said...

Great this little chapter in "History of Money", worth to watch it till the end.Dead simple to slave us all.I feel much richer now cos I own nothing!!!

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I am director of the Media and Persuasive Communication (MPC) network at Bangor University where I also lecture on political-economy of the media. I am currently working on a book provisionally titled Deconstructing Privacy for Peter Lang and leading two empirical projects in connection with privacy perception and the use of new media for smoking cessation. I am author of Creativity and Advertising: Affect, Events and Process (Routledge, 2013); The Mood of Information: A Critique of Behavioural Advertising (Continuum, 2011); and Digital Advertising (Palgrave-MacMillan, 2009). Please contact me at mcstay@bangor.ac.uk if you are interested in Ph.D supervision or consultancy services.