The greatest deceit of all time
βThe study of money, above all other fields in economics, is the one in which complexity is used to disguise truth or to evade truth, not to reveal it.β β John Kenneth Galbraith
In the cities of 17th-century Europe, gold served as the primary form of wealth. It was a practical way to trade goods and services in the market, but it came with a significant drawback: carrying it posed serious risks. The threat of theft and violence made transporting large amounts of gold perilous, much like walking through a modern city with piles of cash.