Jayden Chen’s Reviews > The Ascent of Money: A Financial History of the World > Status Update
Jayden Chen
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Chapter 1 Notes:
Debt and crediting are fundamental and important because they offer a means for creditors/investors to give and allocate capital to debtors/borrowers to put into productive use.
Bigger is usually better with financial operations, diversified portfolios and banks tend to do better than smaller ones.
The erosion of the gold standard has caused purchasing power to plummet around the world.
— Oct 30, 2026 10:32PM
Debt and crediting are fundamental and important because they offer a means for creditors/investors to give and allocate capital to debtors/borrowers to put into productive use.
Bigger is usually better with financial operations, diversified portfolios and banks tend to do better than smaller ones.
The erosion of the gold standard has caused purchasing power to plummet around the world.
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