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The Most Important Question in the World Today | Episode 2 | (WiM298)
The "What is Money?" Show
The Importance of Durability in Money
Money needs to be durable In that it's not going to corrode over time. To verify money at every transaction is a very significant transaction cost. Monetary metals best satisfied divisibility durability recognizability portability Those were just and we've tried a lot of experiments, We've had seashells. We've had glass beads. We'veWe've used all kinds of things as money, right?
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