Why Do We Trust Money? (It’s Not What You Think)

David Amerland
6 min readDec 11, 2015

On the face of the American one dollar bill there is a public declaration: “This note is legal tender for all debts, public and private”. It is signed by the treasurer of the United States and countersigned by the Secretary of the Treasury. And though few of us have ever met any of those gentlemen all of us are willing to trust that the dollar bills we have in our pockets or for that matter the British…

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