WiM044 - The Saylor Series | Episode 10 | The Death of Gold
The "What is Money?" Show
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Coinage and the History of Money
Gold was an excellent asset and that it held value over time relatively well, but it was a terrible currency. So coinage was introduced as like a technological augmentation to overcome this insufficiency of gold. The intent of this, at least with coinage, was to radically decrease the transaction cost - which it in fact did for a long time.
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