WiM024 - The Frisby Series | Episode 5 | Taxation in History and Modernity
The "What is Money?" Show
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The History of Fii Currency
Fii currency is introduced for convenience. It's much easier to transact in paper than physical metals. But it can only be sustained when its demand is compelled rights of yo actully has to put em to the point of the spear, so to speak. And that was thirteenth century. I think china may have had, ah, some experience with fei currency. Maybe even before that. Well, the very first, china invented a form of the printing press. Long i mean, i think europe had it. Ould it would havave been yet? Would have been thirteenth late? 13, late, 12 hundred? Yes, that was one
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