François Villeroy de Galhau on the Ethics of Currency
IMF Podcasts
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The Difference Between Morality and Ethics
Morality can be described as a hard concept, similar to the fundamental rules engraved on moses stone's tablet or in the code of amurabi. In contrast, ethics refer to a softer and less binding concept, a kind of existential version of morality with a more personal dimension. Omo economics invented currency very early in human history. Almost as soon as currency was born, countless abuses were seen as well,. manipulation of gold or silver weight in coins - skewing of scales and so forth.
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