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4min chapter
Philosophy of Stateless Money with Bradley Rettler (WiM110)
The "What is Money?" Show
Are You Shipwrecked on an Island?
If you're shipwrecked on an island, the factory owner offers you employment in exchange for food. How is that exploitive? Because it seems like someone's got to start the first factory. So as long as you have genuine other options, then you might not be being exploited. But i just can't identify arbitrary fiot currency supply inflation with within the insulation of a legal monopoly, has anything but coercion. You're literally just shifting the call option on wealth from one set of hands to another set of hands. And so by having competition, fia ancy systems might become less coercive because they're less exploitative.
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