About this videoCurrency and monetary systems are used around the world because of their ability to simplify exchange. In this interview, Jerry L. Jordan explains what money really represents and how it relates to the purchasing power it provides. Contrary to what most people think, money is not wealth; it is part of an information system that indicates the relative value of things. In order for the system to work, the information must be reliable; this is why societies with stable governments also tend to have successful economies. |
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CreditsMoney and Purchasing Power
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