Paper, Rocks or Digits: What Makes the Best Money?
What are the elements of a successful monetary system.
Topics covered include:
- The stone currency of Yap
- The fiat currency of ancient China
- Why money requires trust, accounting and tokens
- Why too much money can lead to inflation and too little to deflation
- Why the best money is useless other than as money
For show notes and more information on this episode click here.
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