2min chapter

The "What is Money?" Show cover image

The Most Important Question in the World Today | Episode 1 | (WiM297)

The "What is Money?" Show

CHAPTER

The Importance of Money

Money is an accepted main means of exchange. It's based on trust and willingness to agree to let this particular means of exchange be used in some community. Jeff Snyder was advocating that money is not wealth, right? Wealth is the productive factors in an economy. Money is effectively a call option on those productive factors.

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