5min chapter

The "What is Money?" Show cover image

The Psychology of Property | The Stephan Kinsella Series | Episode 4 (WiM235)

The "What is Money?" Show

CHAPTER

Mass Psychosis

I think in my mind, the way Hoppe is calling us out here, it's like there's almost a guaranteed way to induce... A mass psychosis would just be to hyperinflate the currency. If you somehow erode the people's character because of all these things, then now because of their character and their belief systems that follow from that, they're going to vote for politicians who are going to repeat the same stuff over and over again. But I think at least we have to descriptively identify what's going on. And so over time, it becomes hard to disentangle which direction the causality runs. The only thing we can do is to keep our eyes on

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