Some of the posts on this blog will be completely unnecessary, yet highly proper. Some will be terribly necessary, yet not the least bit proper. Some will hopefully manage to combine the best of the two previous categories. I hope you will find at least one of these categories interesting and enjoyable.
Friday, July 28, 2017
Default interest is at least 4000 Years Old
From my favorite blog, Marginal Revolution, the terms of a debt instrument 4,000 years ago in Anatolia (Turkey):