The Paradoxical Equation of Bank Debt | When a Liability Morphs into an Asset
Is it possible to lend someone money that you do not possess? Continue reading The Paradoxical Equation of Bank Debt | When a Liability Morphs into an Asset
Tag: banking
The Chettiars | Bankers and Financiers of the Old World
For the Chettiars, the story begins with trading in precious stones. Continue reading The Chettiars | Bankers and Financiers of the Old World
The Twins of Debt and Money | How Debt Became the Lifeblood of the Modern Economy
Money and debt are twins. They share the same womb. Without debt, there is no money creation, no growth and no initiative to place our faith in a future that does not exist. Continue reading The Twins of Debt and Money | How Debt Became the Lifeblood of the Modern Economy
The Mercantile 