Toward an Anthropological Theory of Money with Natalie Smolenski (WiM394)
The "What is Money?" Show
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Difference between Credit Money and Commodity Money
This chapter explains the distinction between credit money and commodity money, emphasizing the difference in underlying value. It delves into how credit money's reliance on trust increases transaction velocity and potential economic growth. However, the chapter also cautions about the limited elasticity of credit money when reliability is doubted.
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