3min chapter

The "What is Money?" Show cover image

Order Without Organizations with Aneesh Karve (WiM141)

The "What is Money?" Show

CHAPTER

The Power of the Market Process

In a democracy if you don't participate you potentially get nothing. And I think that's a very interesting essay in the price. By not buying and by not doing anything you are dictating something about the price this is a very, very powerful feature of markets. In participating in an economy or participating in an exchange what the individual should actually try to do is to soothe their inner uneasiness. So here's Mises this great intellectual and he's like well I think what's motivating most people is to vaguely kind of modify this this feeling of the needs that they have. That takes us to another one of the axons which is that in many circumstances individuals prefer leisure.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode