the bretton woods system

  1. The Unnatural Nature of Fiat Money

    The Unnatural Nature of Fiat Money
    Imagine if you are doing this experiment; walk along the mall’s corridor while holding a packet of rice and approach the first shop assistant you see. Take out a piece of RM10 from your wallet and ask him or her which one is money; the rice or the RM10 note? Most of the time there is a good chance that...

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