The Ascent of Money
(Niall Ferguson)
Understand the fundamental details about global economic development, unraveling its roots and history, from the emergence of money to the present day.
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Highlights from this book summary:
The need for money was built over time;
Money has value only when someone is willing to give something for it;
With industrialization, the number of banks has grown absurdly (and this rapid growth has led to crises);
A steady balanced income is the only true security.
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