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RE: Is UK Property Wealth Over-Valued?
Interesting programme about debt over the milleniums on radio 4, seems that material money has only been around from time to time, notably during classical times and during the last 500 years coinciding with capitalism, both times associated with extensive warfare. At other times, it was virtual money managed through credit arrangements, quite sophisticated and operated outside governments right across eurasia. Very damning about interest rates and the damage they create.
Good old Radio 4! I'll have to check that out, cheers.