“All money is a matter of belief.” – Adam Smith
Dr. Madsen Pirie‘s wonderful series continues as we learn about money.
Why do we use money? What are some examples of money? What is fiat currency? Why does this potentially create inflation?
Let us watch and learn.
To continue the series, follow the link. https://hessenflow.wordpress.com/2012/03/20/economics-is-fun-middlemen/