A Brief History of Money with Luna (WiM335)
The "What is Money?" Show
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The Definition of Money
The US dollar is not money in the sense that it can never be the final extinguisher of a debt. The Federal Reserve can print it and you can't, so there's this liability that's always being defaulted upon. It's like an implicit default when the central bank prints and you bear the cost of that in the form of a debased purchasing power. So as an instrument for final settlement, the dollar is notMoney but gold and Bitcoin are Money.
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