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Money is a System of Mutual Trust

Published by ideonexus

Trust is the raw material from which all types of money are minted. When a wealthy farmer sold his possessions for a sack of cowry shells and travelled with them to another province, he trusted that upon reaching his destination other people would be willing to sell him rice, houses and

Yuval Noah Harari, Sapiens: A Brief History of Humankind (2011)

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