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Martin Armstrong: "We do not understand what money is" - Video

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" Do we have a better understandin of what money is compared to past generations? " asks Gonçalo Moreira to Martin Arsmtrong. His answer is direct: " No , we still haven't made that final leap to understand what money is." "We have to go back further," says the economist, back to the debate between the Physiocrats in France and Adam Smith . "The idea of money of the Physiocrats is that it was agriculture. So the more land you have, the wealthier you are." While for Adam Smith, "the wealth of a

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