Uploaded June 2026 | Updated September 2026, 1 week ago

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Most people think money was a government invention, but history tells a different story 🏛️💸

Austrian economist Carl Menger observed that money isn't generated by law. Instead, it "emerged" from the repeated choices of traders looking for more marketable goods. Whether it was shells, salt, gold, or silver, these items became money because they worked—not because a king said so.

Discover why money is a social institution, not a state one.

🎓 Learn more about the Austrian School at FEE.org

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