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Mindfuck: Credit predates money

Actually, this was the original form of money. Credit systems, tabs, even expense accounts, all existed long before cash. These things are as old as civilization itself. True, we also find that history tends to move back and forth between periods dominated by bullion -- where it's assumed that gold and silver are money -- and periods where money is assumed to be an abstraction, a virtual unit of account.... what we are witnessing today is a return of assumptions that would have been considered obvious common sense in, say, the Middle Ages -- or even ancient Mesopotamia. ...on the kind of historical scale we're talking about here, a decade or two is nothing. We have very little idea what to expect.
David Graeber, "Debt: The First 5,000 Years," p.18

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