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Why money is the biggest shared hallucination in human history

What is money? And what can a small island in Micronesia teach us about how it works? On Yap, a remote island in the western Pacific, giant calcite “Rai” stones once functioned as currency, where ownership and collective trust — rather than physical possession — defined wealth an ... Show more

. 44min 44sec

When money went rogue: banking in 19th-century frontier America

In 19th-century America almost anyone could print their own money – and many did. One of the most notable figures to take this up was a man named James Brown, a charismatic conman who built a fortune producing fake banknotes. In this episode of The Story of Money, Stephen Mihm, a ... Show more

. 56min 10sec

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