origins of money | SchiffGold

January 30, 2026 ・Guest Commentaries

Menger vs. Chartalism: What Evidence Should Money Theories Require

How does money come about? Did someone invent it, or did it spontaneously emerge as a medium of exchange? The Austrian School of economics gets this question right, and the evidence is on its side. The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter […]

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