3min chapter

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The Money Confusion and the Future of Our Economy with John Tamny (Part 1) | PREI 428

Passive Real Estate Investing

CHAPTER

The Importance of Trust in Money

I think investors need to understand that if this might not sound important right now it will all come together so let's take this back to the thing of money you use the word once or twice you know trust and clearly you have to have an element of trust with any kind of money or currency in circulation because if you don't then it's a useless means of exchange. It's too often forgotten that trade is not money trade is products for products producers exchanging real things with othersMoney is just the accepted measure that we trust that allows us to exchange it because we know we can get back reasonably equal value but without it people aren't trading, they're not progressing interesting as I like to say.

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