Carl Menger on the Origin of Money #economics
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YouTubeFoundation for Economic Education
Carl Menger on the Origin of Money #economics
Most people think money was a government invention, but history tells a different story 🏛️💸 Austrian economist Carl Menger observed that money isn't generated by law. Instead, it "emerged" from the repeated choices of traders looking for more marketable goods. Whether it was shells, salt, gold, or silver, these items became money ...
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