Rolling Alpha posts opinions on finance, economics, and the corporate life in general. Follow me on Twitter @RollingAlpha, and on Facebook at www.facebook.com/rollingalpha.
A History Of Money Infographic
30 Dec 2014tags
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Comments
Anonymous December 30, 2014 at 10:23
Disclaimer: rant commencing.
I know it’s just a humble infographic, but it sucks. No mention of stocks, bonds, derivatives, or Bitcoin. Says when and where banking was invented, but not why. Doesn’t talk about interest. Riddled with typos. Cool insight about the etymology of “buck” and “tip”, but overall still Meh.
Have you read Niall Ferguson’s “The Ascent of Money”?
I’m not suggesting we compare it to this infographic (that wouldn’t be fair), but that book is a grand history lesson.
Pardon the pun.
ReplyJayson January 21, 2015 at 13:11
Haha – perhaps we need to update it!
I have two observations:
1. Talking about money is always a difficult subject – mainly because you need to decide where to place your focus. For example, are you talking about it as a means of exchange (which is I think where the infographic is focused), or as a store of value (which brings in stocks, bonds, derivatives, interest, and the underlying need for banks), or both (which probably requires a book 🙂 )? Then there is the sociological side of money and its shifting cultural identity (like the swings between gold standard, fiat, and cryptocurrency)…
2. I feel like you should definitely blame me for the lack of bitcoin. This infographic was prepared in 2011 back when Bitcoin was still well out there on the fringe. I probably should have looked for something more up to date.
“The Ascent of Money” is on my iPad – I’m yet to get to it! But I will. And then I will blog about it.
Hope that helps!
Reply