Does Money Still Exist? | KCUR

Does Money Still Exist?

Nov 12, 2008

Bill Maurer, by phone with Gina Kaufmann.

Kansas City, MO – In an effort to find out how money is supposed to work, KCUR's Gina Kaufmann put in a call to anthropologist Bill Maurer at University of California-Irvine . Maurer specializes in the anthropology of money. While American money used to be backed by gold, Maurer explained, it is now backed by faith in the system. Which begs just one question.