Niall Ferguson
Money is not just a medium of exchange, but the very foundation of human progress. Understanding the evolutionary history of finance is essential to navigating modern economic crises and global wealth.
Money derives its value entirely from societal trust rather than any intrinsic physical worth.
The creation of credit and debt fundamentally transformed human history by allowing capital to flow and economies to expand.
Societies that develop efficient and robust financial institutions consistently prosper at the expense of those that do not.