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3min chapter
WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
What Is Re Denomination?
This is no the the term re denomination makes you think that, you know, money. Effectively, whatever capital is in the world, money is a claim on that. So it's, it is, once market actors shift towards that unit of perception or denomination, that that is actually putting it in the hierarchy. And i think you don't know that you've done it until you wake up and lize that all you care about is is the latter rigt, not the former.
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