Glossary
A contract promising access to gold that can circulate like money and multiply claims beyond the physical metal.
Topic brief
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receipt money
A contract promising access to gold that can circulate like money and multiply claims beyond the physical metal.
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Key Notes
Timestamped Evidence
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"...beginning, it was merchants who engaged in finance because merchants needed money in order to facilitate trade. And some merchants became extremely wealthy and..."
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Transcript
"...is. I've doubled the gold in my bank. Right? I've created money out of nothing. So the gold is still 5 million. That hasn't..."
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Relevant Lectures And Readings
Reading
The first Secret History class begins with Kant and ends with alchemy.
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