Podcast
99% Invisible
It was mentioned in relation to the redesigning of US currency, arguing against it due to the currency representing national identity and stability. It was noted that the book is about the future of money and not necessarily paper banknotes.
My name is David Wolman, my book is The End of Money.
— Episode: The Colour of Money (R)
Episode: The Colour of Money (R)
It was mentioned in relation to the redesigning of US currency, arguing against it due to the currency representing national identity and stability. It was noted that the book is about the future of money and not necessarily paper banknotes.
My name is David Wolman, my book is The End of Money.
For a lot of people our currency is a physical touchstone of our national identity.
And that other concern is that when you redesign the money you remind people what currency is and what gives the currency value.
And of course what gives the currency value is our belief that it's valuable and in the religious sense of it nothing more than faith or trust or worship whatever you want to call it makes a dollar worth a dollar or worth whatever you're going to buy with it.
I don't think it's that remarkable. Congratulations to the Aussies and the scientists who came up with polymer banknotes and I think they profited well because of that innovation but I'm just not convinced it's a very world-changing kind of thing it's it's pretty.