"Britain suffered from a ‘dearth of #money’ problem. [Eventually it set up] a Bank of England (1694) whose issues of credit would be backed by a largely unknown horde of silver. This created the first widely circulating credit money which acted to stimulate more state spending for war. Between 75 percent and 85 percent of annual expenditure went either on current spending on the army, navy and ordnance or to service the debts incurred to pay for earlier wars."
https://capitalaspower.com/2024/09/di-muzio-dow-re-considering-the-origins-of-the-climate-emergency-war-finance-and-the-state/
Eric Maugendre about carbon
npub16k…r244v
2024-09-27 17:44:09 UTC
in reply to nevent1q…lcz2
Author Public Key
npub16k2f053c4udn6m8ql067max8uha37gue9ps9dd6rhcpsl75lkv7qdr244vSeen on
wss://relay.momostr.pinkPublished at
2024-09-27 17:44:09 UTCEvent JSON
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