Money Is A Technological Fiction (The Invention of $$$)

Hey smart people, Joe here.How much money to do you have?Don’t worry, this isn’t a patreon thing… (but we’re on Patreon now)Anyway, seriously…count your gold.…or your silver, or your Benjamins, or maybe even your rai stones if we have any fans fromthe Pacific island of Yap.How much ya got?There’s a lot of ways to store…

The History of Paper Money – Barebones Economy – Extra History – #3

In the last episode, we got to the ad hoc, unofficial beginnings of paper money.This week, we’ll look at some of the rogues’ gallery that really created the intellectual argument for adopting paper money in some more official way.When we last left off in England in 1640, the first unofficial banknotes were starting to circulateBut…

The History of Paper Money – Lay Down the Law – Extra History – #4

Last we left off, paper money doctrine was just starting to be established,with people like Nicholas Barbon beginning to explore the radical idea thatgold and silver didn’t have any inherent valueonly the value we gave them.Which leads inevitably to the argument thatin using gold and silver, we tie ourselves to a system that has all…

Where Does Money Come From? – Hidden Secrets Of Money Ep 5 – Mike Maloney

This episode is brought to you by the new GoldSilver Vault AppGet it for free at HiddenSecretsOfMoney.comThe entire world is facing a debt driven disaster the scale of which hasnever been seen before in human history. The situation is now so severe thatwe’re left with only two options:default on our debt, or inflate it away.…

A brief history of money – From gold to bitcoin and cryptocurrencies

Now, let’s consider the concept of money as an abstraction of value.Money is as old as human civilisation and civilisation itself is reliant on possessingways in which to exchange, account for, and transfer value.What once started as barter trade (trading goods for goods) was replaced using standardisedtoken money.Gold and silver were the first universally accepted…

The History of Paper Money – Origins of Exchange – Extra History – #1

How did humanity come to accept rectangular pieces of pulped trees as something to spend eight to ten hours a day working for?It’s a pretty insane story.This change from hard currency like gold or silveris a really huge deal.Without it, we couldn’t possibly have the massive industrialand post-industrial economies we know today.This change revolutionized how…