David McWilliams (The History of Money: A Story of Humanity) is a journalist, writer, and economist. David joins the Armchair Expert to discuss having an unusually calm Irish family upbringing, being practically prescribed to study economics, and the impact that his father being screwed by the system had on him as a kid. David and Dax talk about his early, life-changing realization that no one actually has control over the economy, why economics should be seen as a form of communication about the world, and how the human advent of fire helps us to understand money. David explains the idea that the technology of trading money was an alternative to war, how money amplifies the trust necessary to function in complex societies, and why the reason that money is weird is because we are weird. Watch Armchair Expert episodes: https://www.youtube.com/playlist?list=PLzPEuwClyOzDdlrAmU-IwKncG87qrF7Vw Follow Armchair Expert on social: https://www.instagram.com/armchairexppod https://www.facebook.com/ArmchairExpPod/ https://twitter.com/armchairexppod Connect with Wondery https://wondery.com/shows/armchair-expert-with-dax-shepard/ https://www.facebook.com/WonderyMedia https://twitter.com/WonderyMedia https://www.instagram.com/WonderyMedia https://www.tiktok.com/@wonderymedia About the Show: Hi, I’m Dax Shepard, and I love talking to people. I am endlessly fascinated by the messiness of being human, and I find people who are vulnerable and honest about their struggles and shortcomings to be incredibly sexy. I invite you to join me as I explore other people’s stories. We will celebrate, above all, the challenges and setbacks that ultimately lead to growth and betterment. What qualifies me for such an endeavor? More than a decade of sobriety, a degree in Anthropology and four years of improv training. I will attempt to discover human “truths” without any laboratory work, clinical trials or data collection. I will be, in the great tradition of 16th-century scientists, an Armchair Expert. Watch Armchair Expert every MONDAY, WEDNESDAY, and FRIDAY here on Youtube! Listen to episodes ad-free by joining Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial by visiting https://wondery.com/shows/armchair-expert-with-dax-shepard/ Chapters: 0:00 – Intro 6:14 – America’s Shifts + a Very Calm Irish Childhood 10:48 – From “Do This Degree” to “Oh God, the Economy Is Chaos” 17:11 – Money as Humanity’s Fifth Element 26:25 – How Money Basically Invented Trust and Civilization 29:04 – Borrow Now, Conquer Later - Rome’s Secret 46:51 – How We Got From the Dark Ages to Double Entry Bookkeeping 53:18 – Revolutions, Hyperinflation, and Hitler’s Counterfeit Chaos 01:04:56 – Crypto, Currency? 1:18:44 – Fact Check #armchairexpert #daxshepard #davidmcwilliams #historyofmoney