WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
00:00
Isaac Newton, the Master of the Mint
The bank of england was instrumental in ushering in the global gold standard, right? They were kind of the leader to that effect. And and isaac newton was thes e, the head of the bank ofengland for a while. He came up with this number that he thinks, he thought, you know, this is the right exchange rate. The exchange rate that he picked eventually obsoleted a silver from the english monetary system.
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