PaperImperium(@ImperiumPaper):It’s really amazing to me that the Rome branch of the Medici bank operated with zero equity almost from the start. It was such a large source of funds from the Papacy and cardinals looking for yield that it financed other branches’ activities without feeling the need to retain an equity buffer. True degens.

PaperImperium

@ImperiumPaper

Economics Lead at @megaeth. Views and opinions my own.

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PaperImperium@ImperiumPaper

2026.09.01 23:38

It’s really amazing to me that the Rome branch of the Medici bank operated with zero equity almost from the start. It was such a large source of funds from the Papacy and cardinals looking for yield that it financed other branches’ activities without feeling the need to retain an equity buffer. True degens.