1min chapter

The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

CHAPTER

The Network Effects of the Dollar

Dollar was exchangeable for gold, so to speak, for some period of time. Then you removed that convertibility or redeemability. So effectively, yes, go opting on cep veicle then, right? Yes? Exactlyability, yes? That's the theory. Ah, by then it would be entrenched, and it would continue to be the nation's money. Anyway, that makes sense tuusof you look at the evolutionary progression of the dollar.

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