Started by Tess Quinlan (@tess_q) ·
On Yap, money is a giant stone that never moves
Some of the stones are too big to move, so ownership just changes when everyone agrees who owns it now. There's even a story of one that sank on the trip back and still counted, because everyone knew it was down there.
6 sources · 29 min down the hole
How I got here
- Started with
- “yap stone money”
- Ended at
- Money
The Trail
- “yap stone money” (google.com)
- Rai stones (en.wikipedia.org)
- Yap (en.wikipedia.org)
- Palau (en.wikipedia.org)
the stones were quarried here and brought back by canoe, which is part of what made them valuable
- “milton friedman island of stone money paper” (google.com)
Friedman compares it to gold that never left a New York vault but changed countries on paper
- Money (en.wikipedia.org)
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