The Most Important Question in the World Today | Episode 2 | (WiM298)
The "What is Money?" Show
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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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