3min chapter

The New Bazaar cover image

The strange past and unsettled future of money

The New Bazaar

CHAPTER

Trust Is the Thing That Makes Money

The thing that makes money money is trust. When we trust that we will be able to buy stuff with this piece of paper or this lump of metal to morrow, and next month and next year. One of the perpetual questions that still hovers over money is, who can we trust? And so it's not just about having this one big, all encompassing, centralizing power in control. It's that whatever system of checks and balances that you do put in place has to be trustworthy for the money itself to work.

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