4min chapter

The "What is Money?" Show cover image

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

The "What is Money?" Show

CHAPTER

The Importance of Money in the Modern Economy

"Money is therefore much more than a convenience. It is necessary for exchanges to take place and for the advanced specialized production processes we take for granted in the modern economy," he writes. "Large scale production supply chains and specialization are made possible because money uncouples our efforts as both buyers and sellers."

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