Notus & Friends cover image

Debt: The First 5000 Years (Audiobook) David Graeber

Notus & Friends

00:00

The Importance of Repaying Debts

According to standard economic theory, it isn't true. A lender is supposed to accept a certain degree of risk. Economically, that's not how loans are actually supposed to work. If a bank were guaranteed to get its money back, plus interest, the whole system wouldn't work.

Transcript
Play full episode

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
App store bannerPlay store banner