The History of Credit and Debt

Athenian silver “owls” coins

“Many believe we live in a time when our creditors force us into money troubles. When we find ourselves with a debt burden, the common lament is that we are victims of moneylenders, payday loan outfits, credit card companies and financing scams.

But is that true?

To blame our current debt woes on the “credit card” would be naive at best and grossly mistaken at worst.

Throughout the ages, man has struggled with credit and debt and the earliest recorded writings demonstrate that humans have faced much more desperate times than these.”

The History of Credit and Debt
by Steve Rohde @

[Via Rebecca’s Pocket]