This make sense. It is so easy and natural to get “indebted” to someone from your social circle. You start recording all of that + some trade in that circle, and voilà money
If you’re talking about money as a “quantitive measurement of debt” then that’s really just a credit system or form of social currency, and was created specifically for debt forgiveness and debt cancellation, with the strict purpose of not holding debt over other people through violence or slavery.
If you’re talking about money in terms of coin, it’s strict purpose is to pay armies, mercenaries, or bandits and to be used for colonial purposes of unfairly taxing conquered lands to pay back the costs of being conquered. “We could’ve killed you, but we didn’t, and it was rather expensive to conquer you so we expect compensation. Here’s 500 pieces of silver with some dudes head printed on it, you owe us 100 pieces of this silver every year, forever, or we’ll kill/starve/enslave you all. Join our market or die.” Thus posessing said silver becomes a mafia-style protection racket of debt pionage whereby communities are forced to adopt the currency or face the threat of violence.
Money as a social contract vs what money is today are two very different things.
This make sense. It is so easy and natural to get “indebted” to someone from your social circle. You start recording all of that + some trade in that circle, and voilà money
If you’re talking about money as a “quantitive measurement of debt” then that’s really just a credit system or form of social currency, and was created specifically for debt forgiveness and debt cancellation, with the strict purpose of not holding debt over other people through violence or slavery.
If you’re talking about money in terms of coin, it’s strict purpose is to pay armies, mercenaries, or bandits and to be used for colonial purposes of unfairly taxing conquered lands to pay back the costs of being conquered. “We could’ve killed you, but we didn’t, and it was rather expensive to conquer you so we expect compensation. Here’s 500 pieces of silver with some dudes head printed on it, you owe us 100 pieces of this silver every year, forever, or we’ll kill/starve/enslave you all. Join our market or die.” Thus posessing said silver becomes a mafia-style protection racket of debt pionage whereby communities are forced to adopt the currency or face the threat of violence.
Money as a social contract vs what money is today are two very different things.