The Century of Central Banking | The Snider Series | Episode 1 (WiM081)
The "What is Money?" Show
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Currency Is a Medium to Translate Through Time, Right?
Stability was historically the most important aspect of any monetary system. People would get rushed to get paid in the morning, take their wheelbarrow to the grocery store because the price of whatever goods they were going to buy had probably changed by the afternoon. There's a temporal aspect to this. Currencyis that medium to translate through time, hopefully, andin in the most stable and efficient fashion.
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