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The Essence of Money - a Medieval Tale| 7mins
Director: Paul Grignon | Producer: Paul Grignon
Focus Years: 2009 | Country: Canada
Subject Tags: americas, canada, economies, education, ethics, global
Quality Tags: Optimistic, Slow, Activating, Harmonizing
Synopsis:
A Medieval Tale that illustrates the principle of "market money" used in medieval trade fairs. Market money was nothing more complicated than dependable promises of merchandise or services direct from the suppliers of that merchandise or service. This simple invention freed the markets from the tyranny of the "quantity of and ownership of money" and overcame both the limitations of barter and the scarcity of money, which at the time, was gold and silver coins that were often hoarded.
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The Essence of Money - a Medieval Tale | 7mins

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Paul Grignon

Canada

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