4min chapter

The "What is Money?" Show cover image

WiM044 - The Saylor Series | Episode 10 | The Death of Gold

The "What is Money?" Show

CHAPTER

The Gold Myth

The gold myth is, there never was a gold standard. What you had was a time when the principal asset for store of value over the long duration was gold. The currency was a check a checking system with a central counter party. And i think you've always had merchants, and you have always had quartermasters,. We're to dock your wages for whatever it is you lost or you spenter you consumed.

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