DFMM Episode 5: One-sided versus two-sided money

Learning to spot the difference between a commodity and a credit orientation to money, and why that's useful

In this DFMM, I’d like to lay down the foundations of two age-old orientations to money: a commodity orientation versus a credit orientation. I say ‘orientation’, because they colour the entire way a person will subsequently approach money, and how they will react to forms of money that do not seem to fit into the assumptions that underlie their monetar…

This post is for paying subscribers