Uploaded April 2026 | Updated September 2026, 2 weeks ago
Money wasn’t invented by governments.
Learn more: youtu.be/kT7R7a3N1-I?si=YJPh9XHAr4FT2y7P?utm_source=youtube&utm_medium=social&utm_campaign=fee-online
Long before central banks, people converged on certain goods as media of exchange through repeated market interactions.
Adam Smith and Carl Menger understood this: money emerges from human action, not from political design.
Governments later took control, and during times of war, many abandoned the gold standard to expand spending.
But the story doesn’t end there.
New forms of money continue to emerge from the market itself. Bitcoin and other cryptocurrencies reflect an ongoing search for alternatives.
Money evolves as people experiment, adapt, and choose.
The question remains: who should shape the future of money?
Money wasn’t invented by governments.
Learn more: youtu.be/kT7R7a3N1-I?si=YJPh9XHAr4FT2y7P?utm_source=youtube&utm_medium=social&utm_campaign=fee-online
Long before central banks, people converged on certain goods as media of exchange through repeated market interactions.
Adam Smith and Carl Menger understood this: money emerges from human action, not from political design.
Governments later took control, and during times of war, many abandoned the gold standard to expand spending.
But the story doesn’t end there.
New forms of money continue to emerge from the market itself. Bitcoin and other cryptocurrencies reflect an ongoing search for alternatives.
Money evolves as people experiment, adapt, and choose.
The question remains: who should shape the future of money?
