A History of Money and Debt

In whatever form it is used, money in its original and still important function is to pay for human labor and to trade for goods. It also has to be in small enough denominations to cover at least the smallest hourly wage (or tips).

Sadly, gold and silver coins are no longer being considered as substitute for paper money or to serve as backing for paper money.

Billionaires may have lost their appetite for gold since now they have cybercurrency to gamble with. However, rest assured, our government will never allow Bitcoin to become legal tender.

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