DFMM Episode 5: One-sided versus two-sided money

Learning to spot the difference between a commodity and a credit orientation to money, and why that's useful

In this DFMM, I’d like to lay down the foundations of two age-old orientations to money: a commodity orientation versus a credit orientation. I say ‘orientation’, because they colour the entire way a person will subsequently approach money, and how they will react to forms of money that do not seem to fit into the assumptions that underlie their monetar…