The Ascent of Money: Ep.1 Dreams of avarice

Niall Ferguson takes us on a historical adventure through the ascent of money, applying fact and opinion throughout. From Shylock’s pound of flesh to the loan sharks of Glasgow, from the “promises to pay“ on Babylonian clay tablets to the Medici banking system. Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.