“Banking Unleashed the Renaissance and the Industrial Revolution and the Modern Age.”
That is what Michael J. Casey and Paul Vigna say in their WSJ piece in the “Review” section of the Saturday-Sunday, January 24-25, 2015.
No doubt this OpEd piece is a journalistic introduction to their new book THE AGE OF CRYPTOCURRENCY: How Bitcoin and Digital Money Are Challenging the Global Economic Order (St. Martin’s Press, January 2015)
I wonder if their economic-finance history is right. They say nothing about insurance. Surely it was very important to maritime trading at and before the opening of the Renaissance. Surely it was involved in promoting the Industrial Revolution.
Originally posted on 03/18/2015 @ 9:27 pm