Post #2944712

If you work for a bank, one thing from Debt: The First 5000 Years hits a bit different. It's not just that debt goes from being a moral obligation to a legal obligation. Whole infrastructures are created with minimal tolerances to manage that legal obligation. Campuses and cities worth of people tasked to building and managing systems around that legal obligation. All of that is replicated across the several legal banks, insurance agencies, and other institutions. People who are among the most brilliant and educated leave their jobs to be "high frequency traders" to eek out a microsecond on a swap of a tiny fraction of a company for an infinitesimal portion of a legal obligation. If it weren't for it being reality it would be a bit out of a Douglas Adams book.