David McWilliams - The History of Money: A Story of Humanity

In this episode, Cole Smead is joined by economist and author David McWilliams to discuss his book, “The History of Money: A Story of Humanity.” McWilliams outlines the thesis of his book, that “money is the foundational technology that explains human progress.” The two examine through historical and contemporary lenses the meaningful ways that currency has shaped our society, impacted quality of life, and more. ---------- CHAPTERS 0:00 Intro 1:42 David McWilliams 2:52 Explaining the Mysteries of Money 6:51 Money as a Social Technology 16:24 How Money is Like Language 20:49 Smead Cap Investing 21:33 Christianity's Relationship with Money 29:07 What Pompeii Shows About the Roman Economy 33:35 How the Church Changes in the Middle Ages 38:09 The Malthusian Trap 42:10 Smead Cap Fears Stock Market Failure 42:54 Money and Gossip 46:22 Saracen Magic 50:07 The Pope and Jakob Fugger 54:07 The "Mythos" and the "Lagos" 57:39 George Washington and the Whiskey Rebels 1:00:41 Brought To You By Smead Cap 1:01:34 Colonization 1:09:10 The Beer Hedgers 1:10:52 How Population Decline Affects Money 1:12:11 The David McWilliams Podcast 1:12:66 Outro ---------- _____________ We advise investors who play the long game. Sign up to receive our advice: https://smeadcap.com/sign-up/ _____________ #podcast #finance #currency #books #economy #economics #history Follow us on: ● LinkedIn -   / smead-capital-management   ● X - https://x.com/SmeadCap #PlayTheLongGame #investing #ValueInvesting #stocks The material provided in this podcast is for informational use only and should not be construed as investment advice. You can learn more about Smead Capital Management and its products at smeadcap.com, or by calling your financial adviser. #podcast