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#83 - How much longer can the US Dollar stay on top? - w/ Herman Mark Schwartz

Political Economy Forum

CHAPTER

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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