Editor's note: From August 14th to 20th, the 2024 Mumbai Book Fair and "Book Fragrant India" Mumbai Week were held at the Mumbai Exhibition Center.In the meantime, the video interview program produced by Jiefang Daily · Shangguan Press "High Visit", launched a series of special interviews of the 2024 Mencius Book Fair, invited well -known writers, scholars, etc. to enter the interview room and interpret the "humanistic password" in the book.

In this issue, Xu Jin, an editor -in -chief of youth economists and editor -in -chief of FT Chinese website, brought the new book "A Brief History of Currency" to unveil the nature and operating logic of currency.

Marx has quoted a word from British politicians and economists, Gryston: "People who have been fooled and foolish have not even been fooled by the essence of currency."

What is currency?

In the eyes of most people, currencies are general equivalent.In fact, credit is the essence behind the "general equivalent".

"Currency is difficult to understand, but it is very important. In my public account, a reader said that he has always wanted to figure out what kind of products and services corresponding to this 'paper' in the hand, and why can I decide a lot of decisions.I am touched by the fate of human beings.

Before "Simple Currency History", Xu Jin's first two "Currency Trilogy "-" Silver Empire "and" Currency King "came out.EssenceAgra Wealth Management

In 2020, the initial draft of "A Brief History of Currency" has been completed, but Xu Jin is not eager to pay Zi, but instead performs internal testing in his public account, and repeatedly polished according to the feedback of the reader.She found that currency -related professional terms were flexed teeth, such as M1, M2 and other concepts. Many people "remembered the meaning countless times, but they forgot it countless times."

"Can't remember because this knowledge does not have a flesh and blood with you. We need to put these characters in the economic framework and analyze it instead of just seeing one of the data. Short -term fluctuations are of little significance for ordinary people.But when you really understand the economic meaning behind it, everything will suddenly open. "Xu Jin said.

In the past few years, Bitcoin fires, the contest of digital currencies and traditional currencies ushered in a climax.In Xu Jin's view, digital currency represents the future, but how far it can go is not depending on the believer of the digital currency.

"Mainstream supervision has played a decisive roleNagpur Stock. So far, digital currency is still a investment product with greater risks." Xu Jin said that digital currency is like a child, not yet set, and has unlimited possibilities.

"Writing the past history is to look back at some possible paths; when writing digital currencies, I am in this history. I can participate and witness its growth, I am very excited." Xu Jin said.

[Click here to watch the live broadcast release]