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TIP574: Broken Money 1/2 w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
The Great Theory of Money
In chapter four of the book, the author discusses two primary economic theories: commodity theory of money and the posting theory of money. The author has made these theories more easily understandable and less intimidating than traditional economics books. The author also explains how these two theories can be reconciled. The concept of solving the double coincidence of wants is either through a highly saleable good or deferring it over time. The major economic literature has two silos of theories that revolve around these ideas, with one being the commodity theory of money, which traces back to Aristotle.
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