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Wow. I am amazed by how concisely you explained. I also read something like this in history books about the history of money, but not in this detail and insights. I also remember a stone money "Rai stone".It is not related to the post, just remembered it. I found it very funny 😂. https://en.m.wikipedia.org/wiki/Rai_stones
That's a fantastic piece of econ history indeed. Thank You
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Ha! I was recently watching a YouTube video about Palau, and at one point they walked passed one of these stones. I remember thinking that person must be rich.
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