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References ·April 12, 2026 ·reference

Banking in China

William Hockey reads 19th-century Chinese banking history for leverage, not current events. The pattern he's mining: how pre-modern credit, silver, and correspondent networks actually moved value across a continent before any "modern" infrastructure existed. Useful because it strips away the technology layer and exposes the economic primitives — who trusts whom, who settles in what, who bears the risk — which are the same primitives Column operates on today.

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