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Life's complex. Our siloed systems fail us. Let's face the future better with a first-principles, multi-disciplinary approach to all-round intellectual development. Blending extensive research, light humor, rigorous subject-matter treatment, deep insights
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- Sep 25, 2026
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- Sep 11, 2026
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The Story of Money: Gold? Or Silver? (opens the original)
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We established in the previous episode that two metals emerged across history and across cultures as the most suitable units of measuring value, ie, money. As promised there, let’s now look at the tussle between the two.Quite simply, silver is much cheaper than gold - given the dynamics of their availability for us to extract, and thus the relative scarcity of each. Even though we don’t these days trade in gold and silver, this is something we broadly recognize. Because of this, gold has general
The Story of Money: Why Gold? (opens the original)
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It’s perhaps one of the most obvious and well-known things in human life - that gold and silver are or at least were used as money. But let’s step back and see how and why this happened.I have reiterated a few times in this series that money has no intrinsic value, it’s just a measure of value. And we generally know that across history and cultures, other objects other than metal and paper have been used as money at one time or another. However, there’s something special about the use of gold an
The Story of Money: Meeting Maslow (opens the original)
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So far we have been talking mainly about the basics of economics (and finance). Let’s today, as it were, take things up a notch.A brief detour into our fictional world: remember back in Episode 006 the one about risk, where Steve had a failed harvest the previous season and was staring down the abyss of starvation. When Bryan, Brenda and Irene are sat with Steve discussing the predicament, imagine Bryan was like, hey Steve, there is this very prestigious horseracing tournament in town in two wee
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