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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Money Does Have Value, but How Much Value Does It Have?
Austrian school economist: If we can hallucinate bananas to be money, then it'll be money. But how much value can we quantify the value of the belief? For me, it's like saying, well, if we hallucinate that bananas can be spaceships, they'll be spaceships. Some spaceships if you want, but a banana is not going to get you to the moon.
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