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The Great Simplification with Nate Hagens cover image

Daniel Schmachtenberger: “Bend not Break #4: Modeling the Drivers of the Metacrisis”

The Great Simplification with Nate Hagens

NOTE

Understanding the Evolution of the Financial System

The financial system evolved from shells mediating barter to the concept of currency as a medium of exchange for goods and services. However, with the introduction of banking and interest, money became a tool for controlling access and resources. The concept of interest represents the growth potential lost when money is loaned out. This evolution has led to a financial system with its own physics, characterized by compounding interest.

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