We live in times when government and central banks monopolize money and make it next to impossible for viable competing currencies to arise, which can make it difficult to see the possibility of other currency alternatives. But, money does not get its value through government or central banks as some believe. Money originated millennia ago when people were looking for a more effective way to exchange goods and services. They were aiming to represent value and needed to have that value be in a form that was durable, could be easily transported and divisible without losing its value and could not be easily counterfeit (or inflated). This short video demonstrates how money came about and what the inherent properties of it must be in a free society.
From the first chapter of Murray Rothbard's book: What Has Government Done to Our Money? available from the Mises Institute in print and audio-book for free. mises.org/library/what-has-government-done-our-money
If you would like to learn about other topics, please visit us at: smellthefreedom.org
Loading more stuff…
Hmm…it looks like things are taking a while to load. Try again?