Broken Money with Lyn Alden (SLP518)
Stephan Livera Podcast
00:00
Theories of Money and Technological Advancements
This chapter discusses different theories of money, including the commodity theory, credit theory, and chartalist view. It explores the role of nature's difficulty adjustment in establishing trust in gold as money and how technological advancements impact commodity monies. The chapter also highlights the historical development of credit theories and the impact of telegraph on questioning the concept of money.
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