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Listen "EOM Ch. 9 The Evolution of Money - From Commodity Money to Credit Money and Beyond"
Episode Synopsis
www.beyondmoney.net The End of Money and the Future of Civilization (2024 edition) by Thomas H. Greco, Jr. Chapter Nine: The Evolution of Money - From Commodity Money to Credit Money and Beyond What We Don’t Know Is Hurting Us Economic Exchange and Interpersonal Distance Kinds of Economic Interaction What is Money? “The Ladder of Economic Civilization” The First Evolutionary Step—Barter to Commodity Money Commodity Money Symbolic Money The Second Evolutionary Step—From Commodity Money to Credit Money Redeemability Abandoned Checks and Checkable Deposits Displace the Use of Banknotes Gold Versus Credit Money—A Comparison How Credit Money Malfunctions
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