Many people believe money is a choice, but history shows us otherwise. One cannot protect themselves from the consequences of others holding money that's harder than theirs.
From collectibles to livestock, from gold to silver, many objects have been used as money. Although seemingly different on the surface, chosen monies possess similar properties. This has led many to ask, 'Is Bitcoin money?'
Wealth inequality is one of the biggest problems facing U.S. society today, and the gap is widening. But are the rich cheating the system, or was it just designed with them in mind?
In the fifth entry of “The Future of Money,” Alec Torelli delves into how game theory can be applied to better understand how we as a society make decisions related to money.