Extract from talk on the origin of money; David Graeber, anthropologist, author of “Debt: The First 5000 Years”. The Keiser Report with Max Keiser and co-host, Stacy Herbert. (Sep 10, 2011)
Uploaded by RussiaToday on Sep 10, 2011
According to Herodotus, the Lydians were the first people to introduce the use of gold and silver coins. These first stamped coins were minted around 650–600 BC.
Aristotle states that the first coins were struck by Demodike of Kyme.
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