SLP71 Stephan Livera - Intro to Bitcoin Austrian thought
Stephan Livera Podcast
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The Importance of Sellingblear
Austrian economics says value is in the eyes of the beholder, right? It's subjective value. And so another kind of idea that you see from Austrian economics is that it's not necessarily the money supply that matters. So if we had 1000 monetary units in our little economy and then tomorrow there's 2000 monetary units, but everyone who has whatever money, it just got doubled overnight. Well, would our net wealth change? No, it's just the monetary units that have changed.
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