
#83 - How much longer can the US Dollar stay on top? - w/ Herman Mark Schwartz
Political Economy Forum
The Nature of Money and Its Hierarchy
This chapter investigates the complexities of money in the global monetary system, distinguishing between physical cash and electronic money. It emphasizes the hierarchical nature of money and its relationship to government backing, exploring the implications for banking and financial stability. The discussion also highlights the essential role of trust in government institutions and the influence of state power on monetary value.
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