KEEPING YOUR SANITY BY UNDERSTANDING WHAT MONEY IS
Last Monday (7/25), Jack’s Glimpse, The Money That Made Us Human, fit so well with my Sanity column on The Virtue of Trade and Money that I’d like to expand on all that this week. Here we go.
One day in East Africa, deep in our primitive past, an exceptional innovator carved a palm-sized, pear-shaped, razor-sharp axe head out of stone. This must have revolutionized the ability for him and his band of hunter-gatherers to hunt, butcher food… and to wage war on their neighbors.
Yet for over a million and a half years, as far as we can tell from the archeological record, what archaeologists call Acheulean hand stone axes was the extent of human and pre-human innovation. That was it! Nothing new for a over 1,600,000 years.
Then, something revolutionary happened; something that changed the nature of humanity, and transformed our cultural growth as a species… the world’s first jewelry was invented.














