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Even Robinson Crusoe Understood The Price And Value Of Money

Summary by cryptocrunchapp.com
Nothing is as crucial to the functionality of a free market as its money. Money constitutes half of every transaction, representing one side of all value expressed in the exchange of goods and services. But what, exactly, is the price of money? The commodity with the highest marketability tends to become a society’s preferred medium of exchange — that is, its money. Prices denominated in this common medium enable economic calculation, which in t…
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Bitcoin MagazineBitcoin Magazine
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cryptocrunchapp.comcryptocrunchapp.com

Even Robinson Crusoe Understood The Price And Value Of Money

Money is key to markets, enabling trade and economic calculation. Its value, its purchasing power, is eroded by inflation, which benefits the connected at the expense of savers.

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Bitcoin Magazine broke the news in on Saturday, August 9, 2025.
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