November 14th, 2011 / 1:59 am
Craft Notes


(hat tip to “kashi butterfield”)



  1. realhistoryofdebt
  2. kb

      i like the norman o. brown ‘money is just a stand-in for our own shit’ angle better. because when i put on my they live sunglasses it is more amusing when the dollars say “poop” instead of “nothing”.

  3. Heyteraid

      Impossible Mike, i’m starting to dig your posts.

  4. Craig Ronald Marchinkoski

      is why i keep cows in my clothes. just in case i want to barter for a barrel of guaro. 

  5. Erik Stinson

      the value of currency is equal to a given person’s ability to believe in the concept of value

  6. Will Wilkinson

      That’s the sound of a buck-oh-five on its way to a Ron Paul “Moneybomb.”

  7. Ken Baumann

      Vouched + this book is great and all sorts of fucked up.

  8. Guestagain

      value of anything = what a quorum of participants mutually agree to

  9. deadgod

      In reality, this nickel and this twenty-dollar bill are worth about the same, because it cost the government about the same to make them–

      Things are “worth” what it “cost[s]” to make them??  When it comes to exchange, and especially to desire, that’s not keeping it real.

  10. deadgod

      With the passage of time, however, virtual credit money was replaced by gold and silver coins–

      Is this the argument that the book makes:  that portable units of exchange-value “replaced” the accounting for debt – enormous, relative to the coins that first appear many hundreds of years later in other parts of the world – in receipts of granaries, shops, and government offices in Mesopotamia and Egypt?