Debating the Nature of Capitalism and Private Property with Josh Sidman (WiM573)
The "What is Money?" Show
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The Dynamics of Money and Poverty
This chapter explores the concept of demurrage and its implications on currency as both a medium of exchange and store of wealth. It critiques various economic theories regarding interest and delves into the historical evolution of money, particularly the role of gold. The discussion highlights the paradox of wealth production versus persistent poverty, emphasizing the impacts of capitalism and resource distribution on societal progress.
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