The Masters Of Fiat
The concept of fiat money, or money created "from thin air," can be traced back to ancient China. The first known use of fiat money was during the Tang Dynasty (618-907 AD) and became more prominent during the Song Dynasty (960-1279 AD). The Chinese government issued paper money, called "jiaozi," which was backed by the state rather than a physical commodity like gold or silver.
Farley
npub1far…670r
2024-05-31 03:50:08
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npub1farleyjgt90e2sr8nlneuwg7vcx0yjq3uc3ksya7902eteulzfkqyx670rPublished at
2024-05-31 03:50:08Event JSON
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"content": "The Masters Of Fiat\n\nThe concept of fiat money, or money created \"from thin air,\" can be traced back to ancient China. The first known use of fiat money was during the Tang Dynasty (618-907 AD) and became more prominent during the Song Dynasty (960-1279 AD). The Chinese government issued paper money, called \"jiaozi,\" which was backed by the state rather than a physical commodity like gold or silver.",
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