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WiM044 - The Saylor Series | Episode 10 | The Death of Gold
The "What is Money?" Show
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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