3min chapter

The "What is Money?" Show cover image

The Nature of Energy with Michael Saylor (WiM314)

The "What is Money?" Show

CHAPTER

Concentrators of Power

Smallpox wiped out 90% or 95% of Native Americans, they never really got even a chance to fight. Agriculture is clearly a concentrator of power because it concentrates nutritional energy and eventually concentrates manpower. If you have all of the iron works and all the munitions factories in your part of the country during the Civil War, you probably win the war. The society that actually invents fractional reserve banking and is able to print the money has more power.

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