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Cloud money and the Case for Cash with Brett Scott

Interdependence

CHAPTER

Credit Theory of Money

A credit theory of money is like the main alternative sor of school of thought to lik commodity fixation on money. Trust is a massive element of how you run a credit money system, or you replace the trust with institutions. Money does not depend on trust. Depends on gigantic institutional structures. There's no part of normal manitusism that depends on your believing in it. It doesn't matter whether you believe in it or not, like you going to have to use it regardless.

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