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4min chapter
A Brief History of Money with Luna (WiM335)
The "What is Money?" Show
The History of the Gold Standard
Nixon, 71, said that we would exchange any dollar that you bring me to gold. So he put this and if you had a good collection, you could keep it. But just to store gold at home, it was not allowed. You couldn't buy it or sell it. People really didn't want to have fiat money. And then few years later, Bretton boots, they made like, yeah, another gold standard, but it was a dollar gold standard. Perfect. Why do we use flats and houses for as a store of value? Why? Because people has big problems in using other means of storing value. That's why it's nearly impossible for somebody who starts work
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