2min chapter

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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

What Is Money?

The term really, I think, was based out of gold. Money was gold, but you had pieces of paper that were redeemable in gold. But arguably, we never had a pure gold standard because the people who aren't in charge of the gold have an enormous amount of power.

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