Saturday, May 10, 2025

20240813 money

 money.

in the old days, money could be exchanged for gold. People trust gold so they trust money as well, and gold is the basic unit of money. 

Nowadays, money no longer be exchanged for gold. We still use money because we trust in the nations that issue money, e.g. the USA, and Japan. So, the basic unit of money is TRUST nowadays.

But, what about if we don't trust the nations any more?

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