Quote by YUVAL NOAH HARARI - Deepstash
YUVAL NOAH HARARI

Money emerged as a universal medium of exchange, revolutionizing trade and economic interactions by transcending local barter systems."

YUVAL NOAH HARARI

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Explore the epic journey of Homo sapiens in "Sapiens," as Yuval Noah Harari unveils how cognitive leaps, agriculture, and revolutions shaped our world.

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What is money

Money is a universal means of exchange. A technology that is enabled by something that has the highest proportion of trading ability to its utility (gold can be used for trade but also for jewelry & chips).

Money needs 5 characteristics. It needs to be:

  1. ...

Definition hyper-inflation

Hyperinflation is generally considered to occur when inflation is greater than 1000%. 

With hyperinflation, money loses its value so rapidly that nobody wants to use it as a medium of exchange.

We’ll Learn We Didn’t Know Anything About Economics

All of our economic theories are based on studies conducted with limited data in the analogue age of ink and wood pulp. All current economic theory will prove about as advanced as cave paintings as we experiment with new economic systems.

New coins are micro-economi...

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