The history of money is normally told as a series of material changes and technological improvements, but historian Rebecca L. Spang argues that this version of the past obscures the monetary inequality that exists today. Money is a social and political fact as much as it is an economic one, and access to the different types of currency depends on government policy and banking-sector regulation.
Copyright © 2016 World Policy Institute
2016
Issue Section:
History’s Ghosts
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