• In Money We Trust

  • May 23 2024
  • Length: 18 mins
  • Podcast

In Money We Trust

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  • Summary

  • The history of money is riddled with crises, followed by innovation that transforms the monetary system. In 17th century England, a coinage crisis triggered a loss in trust in the money’s value. To restore that trust, Goldsmiths stepped in as intermediaries—and became England’s unlikely first bankers. Today, transferring money requires a plethora of intermediaries to verify transactions in a system that’s full of friction. Enter the next innovation: Bitcoin. Can it remove friction from the system and build trust?
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Economics Personal Finance
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.