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“Money is the most universal and most efficient system of mutual trust ever devised”

Yuval Noah Harari

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Simplified Meaning:

Money is something everyone agrees to trust and use, no matter where they are from. It's like a promise that people rely on because they believe that others will also accept it. For example, if you buy groceries, both you and the store agree that the money you give has value. This way, you don't need to know the store owner or trust them personally; you just trust that the money will work. It’s a system that makes trading goods and services easier because people have faith in its value. In your life, using money allows you to buy what you need without worrying about personal relationships with sellers, simplifying daily transactions.

Related tags
Currency Economics Finance Money Mutual System Trust Universal
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