
Talking to My Daughter About the Economy: How Capitalism Works – and How it Fails
ALOUD @ Los Angeles Public Library
00:00
The First Metal Coins Did Not Exist
The first metal coins did not exist. They had created the smelting techniques for creating bars of iron and so on. So you had the shell equivalent of having em paper money. It was shell money corresponding to the metal. This s wi bit coin would never be a currency. The united states of america government commits to accept that currency to extinguish your taxes. That's what creates the value of money. But, and he this is the side of important side with which i close this answer.
Transcript
Play full episode