Money is Fiction

Ira Glass: For money, afterall, long ago, we used to use gold, and if you wanted to buy something, you had to carry around these heavy, shiny pieces of metal. Then we decided, no, let's just leave the gold in a bank. Instead of the gold, we're going to carry around these pieces of paper, and the paper on them says, "Yes, there's gold. You can take this paper money to a bank, you can swap it for gold." Maybe you've seen old dollars that say on them "Promise to pay the bearer so many dollars in...