We had a great session covering the History of Money!

We discussed the evolution of money—why older forms were left behind for newer ones that better met the needs of the market. It was important that nostr:nprofile1qyt8wumn8ghj7ct5d3shxtnwdaehgu3wd3skueqpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqg9u6jerf23a098vdl4xakwaj0x56efz5vk3ax4wnnkudt27vf79vv0gprmc emphasized that money does not originate from governments, but rather arises out of the market process.

We focused on the 'Double Coincidence of Wants' problem during the barter system, which led to the discovery of commodity money.

We are looking forward to talking more about the History of Money tonight!

Reply to this note

Please Login to reply.

Discussion

No replies yet.