
What is a Bank?
In this episode of Saturday Morning Muse, Andy Temte explores the evolution of currency from promissory notes to modern fiat money, emphasizing the role of trust in the value of currency. He introduces the concept of banking, its characteristics, and importance in the economy. Andy also touches on the Great Recession, highlighting the consequences of poor risk management in banking.
The History of Paper Money
In this episode of Saturday Morning Muse, Andrew Temte explores the evolution of currency, starting from ancient Rome's coinage to the introduction of paper currency through promissory notes. He discusses the significance of these financial instruments in facilitating trade and their role in economic systems. The conversation also touches on the transition to fiat money and the implications of trust in currency value.