Why We Trust Paper Money

Published: Sept. 28, 2020, 7 p.m.

b'Money: A Shared (but Valuable) Fiction
Guest:\\xa0Jacob Goldstein, author of \\u201cMoney: The True Story of a Made-Up Thing\\u201d
Forms of money changes as the needs of people change, as civilizations change, as power changes. But Europeans thought Marco Polo was lying when he told them the Chinese used paper money. How the world has come to embrace the necessary fiction of money.
\\xa0
How Tariffs Helped Spark the Great Depression\\xa0
Guest: James Kearl, A.O. Smoot Professor of Economics, Brigham Young University
Sometimes our best intentions\\u2014when run through the gamut of fear and doubt\\u2014backfire spectacularly. The Smoot-Hawley Tariff Act of 1930 was one such backfire, when the US government passed a set of laws that ultimately hastened the Great Depression.'