The Nature of Words, Actions, and Ethics with Mike Brock (WiM468)
The "What is Money?" Show
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Bitcoin, Taxation, and Economic Productivity
The chapter explores Bitcoin as a tool for pricing political risk and hedging against currency devaluation, discussing the impact of taxation on revenue generation and the evolution of moral sentiments in society. It delves into the coexistence of Bitcoin with central banking, varying perspectives on monetary supply policy decisions, and the concept of holding savings in different forms of currency. The discussion also touches on savings in relation to production, the distinction between economic and monetary savings, and the foundational role of production in economics, emphasizing the interaction of monetary systems with global production.
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