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Freedom, Growth, and Responsibility with Robert Breedlove (WiM262)

The "What is Money?" Show

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What Is Money?

CNN's John Sutter asks his guests to explain what they think money is. He says there are multiple answers, but he has a "running document of 50 some odd answers" Money conveys the price signal by taking aggregate supply of an asset and valuing it in terms of preferences people have for that asset. It compresses this entire data set called the world economy or the world market for gold or any other commodity into one number.

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