Banks

The greatest deceit of all time

β€œThe study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it.” β€” John Kenneth Galbraith

In the cities of 17th-century Europe, gold served as the primary form of wealth. It was a practical way to trade goods and services in the market, but it came with a significant drawback: carrying it posed serious risks. The threat of theft and violence made transporting large amounts of gold perilous, much like walking through a modern city with piles of cash.

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