Book Hack
The Ascent of MoneyBy Niall Ferguson

In a Nutshell

Scottish historian and finance expert Niall Ferguson explores the history of money, banking, and credit from their earliest forms to the current financial market.

Favorite Quote

Money is not metal. It is trust inscribed.

Niall Ferguson

Introduction

Whether we seek to increase our profits or believe money to be the root of all evil, finance has undeniably regulated the world around us for centuries.

From art, joint stocks, and real estate to NFTs and cryptocurrencies, market booms and crashes have had substantial effects on the course of human history.

Despite all the data, we are still unable to predict the exact times and consequences of potential economic crises today.

Niall Ferguson is a Scottish historian who specializes in international politics and economic history.

The Senior Fellow at Stanford and Harvard universities has authored several books and documentaries on British and American imperialism and the history of finance.

The Ascent of Money, released in 2009, is Ferguson's seminal work covering the history of money, from the earliest developments of banking, debt, and the stock market, to recent events like the 2008 economic crisis.

Here are the 3 key insights from this Hack

  1. 1.
    The value of money comes from the trust society puts in it
  2. 2.
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  3. 3.
    Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nunc volutpat, leo ut.
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