Talking to My Daughter About the Economy: How Capitalism Works – and How it Fails
ALOUD @ Los Angeles Public Library
00:00
Coinage
The greek word for coin is nomisma, which has two meanings. aristotle said money has value if the law says that it does. Te hiis fascinating, isn't it? It helps to be greek in a way. We take a 20 dollar note out of our pocket and we immediately assume that this is 20 dollars worth. I remember hearing o my dad, my granddad, my mam, something that really startled me, that te 20 dollar note costs 20 cents to make. That what? So why is it 20 dollars then?
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