Category: Money Series
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#3 Money Series: The Broken Anchor
On the fifteenth of August, 1971, a man sat down in front of a television camera and, with carefully chosen sentences, changed the nature of money for every human being on the planet. Richard Nixon, the thirty-seventh president of the United States, announced that the US dollar would no longer be convertible to gold. The…
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#2 Money Series: The Trust Trap
Barter, the system where goods are exchanged directly for other goods, is slow and unscalable. It works well in very small communities where everyone knows everyone, and favours can be remembered and returned. But as communities grow, as the geographical distance between producer and consumer expands, the barter system stops being efficient.
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#1 Money Series: Introduction
Money is, at its core, a story. It is a story that human beings have been telling one another for thousands of years, and, like any story, once you understand its structure, it stops being intimidating and becomes fascinating.
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