Video: How Much Money Is There On Earth?

We here at DailyXY hold these two truths to be pretty evident: we’re big fans of Vsauce (exhibit A, exhibit B), and Canadians are extremely bad at financial and economic literacy.

Do you know where money comes from and how it’s valued? Do you understand that money has no intrinsic value? You aren’t one of those people who still think that our currency is backed by gold, do you? Hint: that hasn’t been true in Canada since the 1930’s.

Anyway, Vsauce will explain it all in a lean fifteen minutes, but if you’re genuinely interested in developing serious economic chops, consider taking a free class on macroeconomics from Khan Academy.

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