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What Is Money?: Crash Course Chapter 6

The world revolves around it, but it's poorly understood
Friday, July 25, 2014, 11:52 AM

Money plays an incredibly large role in the world, but yet it remains poorly understood. What exactly is it? What do the pieces of paper we hold in our wallets and bank accounts actually represent?

Developing an understanding of the underlying role of money allows us to better see when it is being used properly, or abused. And history shows that abuse is more the norm than the exception: the record shows over 3,800 previous examples of paper currencies that no longer exist. » Read more