Who Invented Money?
In the latest episode of Minor Issues, Mark Thornton unpacks a deceptively simple question and follows its answer deep into the heart of economic history and theory. Drawing on insights from Hayek, Cantillon, Menger, and even WWII prisoner-of-war camps, Mark explores how money actually emerged—not from the decrees of kings or bureaucrats, but from the spontaneous actions of everyday people solving real problems in a barter economy. Mark challenges the fable of state-created money and confronts the dangerous logic of Modern Monetary Theory. This is not just a history lesson—it's a blueprint…
The skinny
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