The History of Money - Part 1 | Omid Malekan | Ask Altucher! EP05

Why do we use money? How did we get to the point where billions of US dollars can be created by the Federal Reserve with the click of a button for bills that are never printed and have no relation to the finite assets those dollars used to be pegged against? The answer - according to Omid Malekan - is trust, and on today's episode of 'Ask Altucher', he and James take this conversation back thousands of years to the beginning of 'commodity money' and walk through its evolution to the present day.