The Most Important Question in the World Today | Episode 1 | (WiM297)
The "What is Money?" Show
00:00
Coinage and the Psychotechnology of Barter
Money is invented for mobile armies. Coinage makes you think in terms of an abstract symbols system, and it makes you do arithmetic and calculate about it. And the economists would say, Austrians, at least economic calculation is made possible through coinage or money. So when you're planning a vacation or you're running a business like you're thinking this language of accounting, if you will. It's natural before coinage to everybody. Yes.
Transcript
Play full episode
