WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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Currency Is a Current, Not an Asset
CURRENCIES are inextricably linked to precious metals, just in the way that they formed. Currency is simply a current. It simply flow. That doesn't mean that it's the only word or the best word, but it's not an incorrect word to describe big coina. And so these government currencies were just meant to be a current of gold, not gold itself.
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