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Trust me, I’m an economist

The New Bazaar

CHAPTER

Money and Trust

There's a tension there between human relationships and money. People need to trust that if they are given money in exchange for something they sold, that they can use that money to then buy other things. Money has to have certain properties to maintain that trust. For the money to be trustworthy, the institutions it oversee the money, the money supply, central bankers, also have to be trustworthy.

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