Denman Houston’s Reviews > Debt: The First 5,000 Years > Status Update
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“If you owe the bank a hundred thousand dollars, the bank owns you. If you owe the bank a hundred million dollars, you own the bank”
— Aug 01, 2025 06:34PM
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Aug 02, 2025 11:10AM
“Look at a coin from your pocket. One side is “heads”- the symbol of the political authority which minted the coin; on the other side is “tails”- the precise specification of the amount the coin is worth as payment in exchange. One side reminds us that states underwrite currencies and the money is originally relation between persons in society, a token perhaps. The other reveals the coin as a thing, capable of entering into definite relations with other things” Kieth Hart
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