The Most Important Question in the World Today | Episode 3 | (WiM327)
The "What is Money?" Show
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The Origins of Gold
scarcity adds a lot more friction to the reallocation like through essentially violence or implied violence. And you can rob people through inflation. So that's why the market settled on gold as money. As good as monetary metals were, it's rather limited in terms of portability. It is not as useful for moving value across space.
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