The Seen and the Unseen - hosted by Amit Varma cover image

Ep 397: Larry White and the First Principles of Money

The Seen and the Unseen - hosted by Amit Varma

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The Evolution of Money and Ethics in Banking

This chapter examines the historical dynamics of competition in money and banking, focusing on the effects of private mints during the California gold rush and the ethical implications of economic practices. It critiques the limitations of economics as a discipline, emphasizing the need for ethical considerations in evaluating human rights and the impact of government actions. Additionally, it traces the historical development of banking from medieval coin changers to modern central banks, discussing how money emerged from market forces rather than state authority.

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