Popular histories explain the rise and fall of civilizations through weapons, disease, and geography – and leave the monetary layer invisible. This episode makes the case that the characteristics of money have always tilted the playing field, and surfaces why that blind spot is only now being named. The frame moves from the Rai stones of Yap to Spanish silver, British debt, and the Opium Wars, landing in the register of a historical reckoning rather than a market call.
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