Money is at the center of almost everything we do, but the average person probably hasn’t thought deeply about the foundational concepts of money.
What makes a form of money good or bad relative to another?
Why has money changed forms so many times historically?
What will money look like in the future?
In this video, I aim to explain the functions and characteristics of money, helping to deepen your understanding of the thing people use every day.
0:00 Introduction
0:13 What is Money?
0:49 The 3 Functions of Money
2:45 The 8 Characteristics of Money
8:54 The Acceptability of Money
9:19 Brief Evolution of Money
10:40 The Fiat Money Standard
11:05 The Big Problem With Fiat Money
12:10 A 28x Return Without Growing Wealth
13:45 Quick Recap
14:15 The PERFECT Money (Thought Experiment)
➥ How I Buy Bitcoin Daily:
Visual Capitalist’s Purchasing Power of the US Dollar:
Inflation Calculator: usinflationcalculator.com
Economic Data:
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