Categories
Economics History

Daylight Robbery

“The hardest thing in the world to understand is the income tax.” – Albert Einstein

If Einstein couldn’t understand it, we sure will never get it. Right? Its ludicrous to say the least. Lets dive into the monetary history and taxation. This book is written by Dominic Frisby, a British author and voice actor. It is a comprehensive exploration of the flaws within the modern monetary system and an examination of alternative financial paths for a fairer future. There are historical examples of peculiar taxes that have been imposed in various countries on several durations. You might even question the current rationale of certain taxation practices and its fairness after going through the book.

Categories
Economics History

Layered Money

This book explores the evolution and functioning of money throughout history and around the globe. Author writes about the concept of layered money, which refers to the different forms and levels of money that exist in modern economies. Basically, this provides an intuitive model view of the history, evolution, current state and future of money. As we know gold has been used for thousands of years but civilization found it hard to divide and carry around so they created various layers of money like IOUs issued by the banks with gold on deposit.