by Brian Czech
Steady State Herald readers are familiar with the theory that money originates from an agricultural surplus that frees hands for the division of labor—and thenceforth the exchanging of money. This trophic theory of money (TTOM) helps us understand not only the historical origins of money, such as in Mesopotamia (the “Cradle of Cash”), but also the annual origins of “warranted money” in the grain belts of the world.
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Every once in a while it’s important to do a policy piece, to show how society could work if we wanted to do the right things. Not because I think anyone in the West will implement enough good policy to matter, but to show that it is possible.