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Base Money and Free Markets | The Snider Series | Episode 7 (WiM109)
The "What is Money?" Show
Is There a Free Market, or a Forum of Free Exchange?
Markets are more messy, but i actually think this is a benefit, because what we have with no at least it's real. In the central bank paradime, we get these long periods of apparent stability and then you have these huge catastrophes. We've never really had a perfectly free market in any way, shape or form, and i don't know if we ever will. But messiness does create negative emotions that tend to influence behavior in irrational ways.
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