Is Money Redeemable for Goods and Services?

I would love to just expand on a couple of things that you've written and maybe even said on the podcast. It's rather obvious that money is redeemable for goods and services, right? There is no good or service that doesn't require human time or energy to produce. The money should have some cost to it as well, almost intuitively through that line of reasoning. We took gold, which was a good money but too slow, not portable enough. And indeed, we demonize bankers and central bankers are what has happened throughout history.

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