The Origin of Interest

The international trading became the most profitable of all enterprises, and great land-"owners" with clear-cut king's "deeds" to their land went often to international gold moneylenders. The great land barons underwrote the building of enterprisers' ships with their cattle or other real wealth, the regenerative products of their lands, turned over to the lender as cccollateral. If the ship did come back, both the enterpriser and the bankers realized a great gain. The successful ship ventur...

 Spelling is the Problem

Now let me get to a lower level still in this question. And that is, all the time you hear the question, "why can't Johnny read?" And the answer is, because of the spelling. The Phoenicians, 2000, more, 3000, 4000 years ago, somewhere around there, were able to figure out from their language a scheme of describing the sounds with symbols. It was very simple. Each sound had a corresponding symbol, and each symbol, a corresponding sound. So that when you could see what the symbols' sounds w...