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Sep 18 2014

How Currency Works

46 min 5 movies discussed
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Even if you entirely eschew the concept of money, we'll bet you'd be hard pressed not to trade in some form of currency. Learn how everything from cows to cacao beans to tiny shells from Maldives have served as currency at some time or another.

AI Summary

The hosts of Stuff You Should Know dive into the fascinating history of money, starting with an intriguing fact about how tide laundry detergent has become an underground currency for drug transactions. They explore the evolution of money from ancient commodity-based systems like cacao beans and cattle to modern electronic currency, covering coins, paper money, and digital transfers along the way. The episode touches on everything from hyperinflation disasters to the Big Mac Index, revealing how our entire economic system is built on collective agreement about what has value.


Movies Discussed

Hey Dude
Hey Dude
1989
★ 6.8
"On the podcast, Hey Dude, the 90s called David Lasher and Christine Taylor — This is mentioned in an advertisement for another podcast during the episode."
Poltergeist
Poltergeist
1982 1h 54m
★ 7.2
"Do you remember AOL instant messenger and the dial-up sound like poltergeist? — Referenced in an advertisement comparing dial-up internet sounds to the movie Poltergeist."
Saturday Night Fever
Saturday Night Fever
1977 1h 58m
★ 6.7
"New York Magazine, which is actually where the movie Saturday Night Fever came from — Josh mentions that the movie came from a fabricated article in New York Magazine while introducing the topic." — Josh
The Simpsons
The Simpsons
1989
★ 8.0
"Are you watching the Simpsons every episode marathon? — Josh asks Chuck about watching a Simpsons marathon on FXX." — Josh
The Wizard of Oz
The Wizard of Oz
1939 1h 42m
★ 7.6
"Did you know that's what the Wizard of Oz is about? It's an allegory for the gold standard — Josh explains that The Wizard of Oz is an allegory about the gold standard in economics." — Josh

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