Why Paper Money Has Value? Fiat Money Explained

Ever wondered what fiat money is and why it has value? Why did we move away from the gold standard and start using these "worthless" pieces of paper? This beginner-friendly video breaks down everything you need to know about fiat currency, including the history of money: from the barter system and commodity money to metal coins, the gold standard, and finally fiat money. Discover its role in the economy and whether cryptocurrencies could replace fiat money!

Using simple language, relatable examples, fun visuals, and a touch of humor, this video breaks down the basics of fiat money so you can finally understand how the money in your wallet really works.

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Chapters:
0:00 Introduction
0:44 Short History of Money (Barter, Commodity Money, Metal Money, Gold Standard)
8:25 How Fiat Money Works?
10:20 Pros & Cons of Fiat Money
12:08 The Future of Fiat Money