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SLP71 Stephan Livera - Intro to Bitcoin Austrian thought

Stephan Livera Podcast

CHAPTER

The Unique Productivity of Money

Hans Herman Hopper: Money is like a yield of certainty in an uncertain world. If you hold cash, that's the most liquid and saleable asset or commodity. This enables you to buy pretty much anything else at the least possible slippage cost. We could simply invest or loan our funds such that we receive them back at precisely the time we need them.

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