Where Did Money REALLY Come From?

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Title	:	Where Did Money REALLY Come From?
Lasting	:	30.29
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Views	:	54 rb

My income is like that cup of coffee, I get to hold it, but never take a sip
Comment from : Artur

Five years ago we heard this, but now "the penny drops", Money is the cause-effect of the Forever War, Privatisation and Fiscal fantasy economics by false accusations of failure to pay interest debts caused by legislative disinformation and fraudulent funding, ie allocation of budgets without accountability, of absolutely unwanted weaponry etcbrA Standing Army is a thing to be more feared by the citizens than the accused enemybrbr"If democracy is to mean anything", everyone needs to know who they are individually and how to operate collectively as economic entities, as decision making knowledge based judges of rational and reasonable standards of practical quality Everything is connected
Comment from : David Wilkie

The more you learn about how money and debt work thanks to brilliant minds like David Graeber and Michael Hudson, the more the world makes sense
Comment from : Elon Musk Sells Snake Oil

@9:34 the sumerian king Graeber tries to remember is Entemena
Comment from : Eric Occcams5

Why do you presume any society today can serve as a proxy for how Neolithic farmers traded?
Comment from : Mark Stuber

16:10 sorry for being stupid, I came here from his book, but still don't understand this pointbrHow is the problem of food solved by the army getting money that they have to pay back?
Comment from : Goofy8907

Help me! Please! I'll repay you, or not! If you don't help I'll do bad things to you Violence pursues! Fear drives economy Getting someone to do stuff for you empowers you Violence brbrEven out here on open pastures of Africa the fear of death drives action brbrInstinct of survival
Comment from : Self Do

Gifting economies! So glad he touched on this as it serves the basis for understanding human behavior at its best
Comment from : Dayron Leon

Basically kings/governments created money to measure, add, substract and in general facilitate collecting tributes/taxes/fines from the common people The institution of money in turn creates the market, a place where the common people must exchange/trade/buy/sell goods and services so they may eventually come up with enough whatever type of money was imposed (it could be salt, cacao, horseshoes or even metallic coins) to pay the imposed tribute/tax/fine amount
Comment from : Miguel Antonio Gómez Ruiz

The most blue balled coffee cup in history
Comment from : Simon Poulsen

I love this guy
Comment from : Eamonn OConnor

What a great lecture Sorry to hear of his passing He did give me some real support for the idea of simply ABOLISH THE STOCK MARKET Like the opposite of canceling debt,brlet us just cancel all wealth of corporate holdings Public trading corporations become owned by their employees Done Problem solved, no more shareholders or financial speculative gambling traders Just wipe out the wealth AND wipe out all debts, student debt, credit-card debt, the cc companies cease to exist Perfect and right in line with history
Comment from : Murray Madness

in agriculture, labourers get paid by giving some of the grain or whatever Isn't that barter? It is and has been extremely common
Comment from : haydock18

RIPower, David 🖤🚩🏴‍☠️🏴❤️
Comment from : Badger

8:59 "The association of money and violence is a constant"
Comment from : mizztotal

cool!
Comment from : Stret173

the mythology of the capitalist death cult destroys real history, and real communities
Comment from : Gunk Wretch

Did he ever debate Yuval Noah Harari?
Comment from : Simon Rudduck

Why does money necessarily appear in civilizations ?
Comment from : Marc Watson

Does he ever drink that coffee??
Comment from : Jason Beary

The world has lost such an enjoyable and insightful and creative mind Drat!
Comment from : Jason Beary

i am adding another comment on DG's coffee, because i am stupid enough to not notice more important things from his lectures
Comment from : Sourov Kabir

28:52 brI don't understand his comment about Aristotle Where he says Aristotle would consider it a legalistic distinction
Comment from : Ocnus

This guy wrote an amazing book 5000 Years of Debt so grateful to read it Kudos DG and RIP!
Comment from : Audio Pervert

This dude does a lot of coke🍚
Comment from : Comeback Justin

@12:12 the first recorded word for freedom was in reference to debt Freedom from debt peonage brbrFascinating stuff
Comment from : swbekneswn

In the Old Testament and in the Gemara there are fines for damages
Comment from : wendylafolle

Inconvenience is not enough motivation something is missing
Comment from : Travis Verta

Is there any good shortened version of Dr Graeber lecture about "Where Did Money REALLY Come From? " As a non-native English speaker I am having hard time following his complicated sentences
Comment from : Michael Kummer

An enlightening talk
Comment from : Marcin Malek

The amount of times he picked up that cup but didn't drink from it lol
Comment from : E A

Tells you more about the real world than all 'economists' put together
Comment from : Brownlow

capitalism doesn't work if you can relieve debt what you gonna do, wipe out masses of profit?
Comment from : Ronny Ron

Yale got rid of this guy The Ivies are not about the smartest - they are about the smartest who will most thoroughly buy into and propagate the system (which Graeber had no use for) Want a better United States? Don't let any graduate of any elite college hold political office
Comment from : Sean Harvey

RIP, brilliant man
Comment from : SomeOne1121

Money is a social construct for trade that has been abused through unfettered capitalism and politicians working towards oligarthic rule at the behest of those who they really work for while holding the title of public servant
Comment from : Old Reprobate

Most of that is all fine The teaching that I'll draw from that? If you want me to sell you food? Payment in bitcoin only No debt slavery possible nor promises broken
Comment from : Tenebrousable

We never suggested that barter was used primarily within the Dumbars number Beyond Dumbars number, this guy is out of luck
Comment from : Tenebrousable

The mechanism you set up "so that things don't go crazy" is called debtor's prison
Comment from : John Smith

The idea that religions "arose as peace movements" is ludicrous 99 of all religions ever created were devoted to creating a culture-specific totalitarian power structure by divine right, and thereby legitimizing killing by that highest authority
Comment from : John Smith

All you have to do is look at Craigslist to see people offering chickens for a cow
Comment from : John Smith

interesting head, respect wooden tally sticks a form of credit register Hmmm I now see that when in london a fire destroyed where such tally sticks were held by the state it wiped out a dept/s, an to whos benifit those who were in the next economic paradigm after the bank of england set up, forward towards the end of slavery, where the slave owners were compensated thinking out loud
Comment from : paul graystone

it's for exchanging products and services
Comment from : mr snoop

My new favorite teacher on the history of economics ✅
Comment from : Miss Merry Berry

RIP
Comment from : shivers Vince Ajamu

We will be missing David, one of the brightest public minds and just such a positive and very unique person
Comment from : Arman Mkhitaryan

people are money its a political decision to use dollars etc for a certain amount of labour class dismissed
Comment from : Douglas MacLean

RIP, David Graeber
Comment from : iamasickman

“Gold, for some reason “ Love it!
Comment from : JosephA W

I think counterfeiting should be legal
Comment from : JosephA W

Great lecture Very informative
Comment from : Cow Tools

So - like this is something that some haven't understood for centuries?
Comment from : Paul Lebow

the function of money is not as a quantified debt but as a medium of exchange this is easily seen in the fact that money must clearly be exchanged but not all quantified debts are exchangeable the money-ness of an object is in its exchangeability and in the nature of its utility to its holder graeber obscures this when he asserts that the typified story of money’s origin in econ textbooks is a statement of historical fact and not a parable explaining the failings of a barter and therefore the usefulness of a money system, and when he asserts that barter is ONLY a “spot trade” and not any sort of direct exchange (including non-monetary credit), which is what makes a barter system the opposite of a monetary system on the first place also it’s just plain stupid to claim a monetary system didn’t come a barter system based on anthropological evidence when we observe other primate species bartering, suggesting that money is an OLD invention
Comment from : CPubi

please someone correct me if I'm wrong brso money is basically a thing that records debt and has units for exchange to keep tally brso anyone holding a record of debt(government approved money) has a valuablebrwhat gives money its value? the fact that someone is in debt and needs to work for money because money records that debt, as soon as there is nothing to record there is no debt right? brthank you for reading
Comment from : Zlatan Ibrahimovic

Money is gold, and gold is money Simple What the brilliant Mr Graeber is talking about isn’t money it’s credit and interest Gold has no counter party risk Interest bearing loans do It’s a shame he won’t address this subject because we (the world) needs a mind like his on this important subject
Comment from : Ender Wiggin

To know what money itself means in terms of value This simple example will dobrYou are in the middle of a desert and have one million dollars The closest source for anything you need is 100 miles away What would you do with that million?brYou are deadbrNow watch very carefully for another example You have 1 million dollars and live in the city You want to use that money to get what you need to survive but no one will accept your papers ( Ie money) for anything You are deadbrHeck we can just keep going You have one million dollars and but it can't buy much like in world war 2 in Germany Super hyperinflation Ten million franks for a loaf of bread You are dead
Comment from : Blue Ocean

Excellent understanding of the origins of money, but you are only half way to fully grasping what money really is You are actually the most knowledgeable of anyone I have ever heard of in regards to money "We still have time to get it right" yes, but you need to listen to someone that knows
Comment from : buildflow