WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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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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