L. Randall Wray, The Credit Money, State Money, and Endogenous Money Approaches: A Survey and Attempted Integration. (2005)
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It has long been speculated that money predates writing because the earliest examples of writing appear to be records of monetary debts—meaning that the closely intertwined chronology of the development of writing and money will make it impossible to find a written history.

— L. Randall Wray

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "It has long been speculated that money predates writing because the earliest examples of writing appear to be records of monetary debts—meaning that the closely intertwined chronology of the development of writing and money will make it impossible to find a written history." in the context of "L. Randall Wray, The Credit Money, State Money, and Endogenous Money Approaches: A Survey and Attempted Integration. (2005)" to mean that wisdom is timeless.

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L. Randall Wray

About L. Randall Wray

Larry Randall Wray (born June 19, 1953) is an American economist, and Professor of Economics at the University of Missouri–Kansas City, known for his work contemporary theory on money and credit in capitalist economies.