
Money and Reality: Exploring Austrian Economics and The Natural Order of Money with Brad and Ira
The Meaning Code
00:00
The History of Tally Sticks
Tally sticks were used as accounts up until the 20th century in certain parts of Europe. They would mark on a stick how much debt one person had to another and then they'd trade these sticks for money. That's like fractional accounting, but that's not what we call it.
Transcript
Play full episode