The Evolution of Money - Bitstocks' Sight Series - Episode 4

In the fourth episode of the Sight series, Michael Hudson digs into the many misconceptions of what money is, and sets them right. We’re taken back to the beginning of money and reminded of its initial purpose as an enabler of trade. We track forward through history, watching money and technology evolve hand in hand to remain both a store of value and a medium of exchange.

 

By the time we’ve reached the present-day era, money’s role in society has been completely distorted. Money is being created out of nothing and flooded into the economy where it dilutes the purchasing power of the money in our savings accounts.


Sit up and take notice, warns Michael. Our modern monetary policies are doing everything but solving our economic problems. Instead, we’re passing the buck to future generations.