Bitcoin 101 with Linda Hill (WiM114)
The "What is Money?" Show
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The Demand for Money Is Greater Than the Supply of Money
Money is unique because moneydemand always exceeds supply, he says. The market zeroes in on the thing that best satisfies those first four properties of money: divisible, durable, recognizable, portable. But i is hardest to produce basic lli’s hardest to increase the supply. So what happens in the selection process of money? It's a claim token on everything, right? I can take money into the market and i can buy anything.
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