Dr Koontz and Rev Fisk discuss money and economics, starting with the building of centralized economic systems and the three functions of currency: why it is or isn’t used. They talk about the mercantile revolution of the West, living in a “gift-economy” and avoiding debt, the unnatural aspects and historical uses of money, and the innovation of lending.
Mentioned in this episode: The Ascent of Money by Niall Ferguson.
Many thanks to our sponsors, Blessed Sacrament Lutheran Church in Hayden, ID and Our Savior Lutheran Church and School in Pagosa Springs, CO
Dr Koontz – Agrarian, Egghead – Concordia Theological Seminary Fort Wayne
Rev Fisk – Author, Fanatic – St Paul Rockford