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6min chapter
Order Without Organizations with Aneesh Karve (WiM141)
The "What is Money?" Show
The Extended Order of Society
Mises says that marks was only able to perform his intellectual sleight of hand and pretend that society was the solution to all of our problems by using three full blown different definitions of society simultaneously. And this is extraordinarily significant because we already know that fiat currency can be debased marks. Mises gives this beautiful example of economic calculation I hope you'll indulge me. If I'm a socialist manager and I want to solve a problem let's say I want to deliver water to a city. I don't have prices I just say like hey my bureaucracy should get these resources. The first law of economics is scarcity. In a socialist regime, there's no exchange there's no market. There's
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