We live in an era when coloured pieces of paper are deemed to be money. But this was not how
things always were. In the United States, tobacco was money for longer than gold was. In parts
of ancient India, almonds were money. Corn was money in Guatemala. In the rice-producing
nations Philippines, Japan and Burma, standardized portions of rice served as money. Salt was money in the Sahara Desert.
How did these commodities disappear as money? What role did the rise of banking play in the rise of paper money? How has paper money at various points of time destroyed financial systems? And, most importantly, how do the same mistakes which were made earlier continue to be made in the modern era?
Vivek Kaul answers these and many more questions in the first book in the Easy Money series.
Vivek Kaul was born and brought up in Ranchi. He ran with the herd to do an MBA, only to realize that it was a waste of time. He then ended up in a PhD programme, and dropped
out of it three years later. Like many other confused souls, he landed up in journalism and found his true calling in reading, writing and being lazy.
Currently, Vivek writes an eponymous Diary and a Letter for equitymaster.com. His writing has also appeared in Times of India, Hindu, Hindu Business Line, Businessworld, Business Today, India Today, Mid-Day, Business Standard, Forbes India, Deccan Chronicle, Bangalore Mirror, Mumbai Mirror, Asian Age, Mutual Fund Insight, Wealth Insight, Swarajya, Dainik Jagran, Daily News and Analysis (DNA), Economic Times and others.
In online media his writing has appeared on Rediff, Firstpost, Huffington Post, Quartz, Newslaundry and BBC.
Vivek has also authored India's Big Government: The Intrusive State and How It is Hurting Us.