causal
Empires Bootstrapped Money via Taxation
European empires built trust in valueless paper money among colonized African populations by demanding that taxes be paid in that money and using violence against non-compliers, creating an initial need for the currency that established its acceptance.
causalpending
Speaker
Yuval HarariEvidence Quote
“the local people, they need these pieces of paper, because this is the only way they can pay their taxes”
Created: 6/13/2026, 12:18:45 AM
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