Radically True Money | Principles of Bitcoin Series | Episode 3 (WiM256)
The "What is Money?" Show
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The Essence of Free Market Capitalism
Free market capitalism is directed by the decisions of economic actors, like people with real skin in the game. In socialism or central planning, unfree markets, this opposite of free market capitalism, it's directed by just a handful of bureaucrats. And so if you look at something like Soviet Russia, one of their biggest problems, is they had pricing czars.
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