The "What is Money?" Show cover image

How to Think About the Economy with Per Bylund (WiM248)

The "What is Money?" Show

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Is There Some Ambiguity in the Definition of Money?

The economic function of money cannot simply be created from the top down. But once it does exist, a government can come in by decree and over time suspend gold or demability. Gold is still money in a geopolitical sense, but it's not widely accepted as a medium of exchange. So how do you think about that? Is there some ambiguity perhaps in that term money?

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