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Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
Gold, Is It Cumbersome Across Space and Time?
Money is just a device for moving economic value across space and time. With gold, we had something that was great across time, but not across space. Aits heavy and physical. And so we moved into all these systems, these systems of deferred settlement credit or debt base to do transactions more quickly. But that came with all these other risks,. you know, largely political and counterparty risk, right? Ad, there was also at yousd space was a big consideration. The tendency to remove limits leads to humann the dark side of human nature.
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