Manage episode 273330181 series 2137790
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.