Money, Coercion, and Government Policy with Noam Chomsky (WiM127)
The "What is Money?" Show
00:00
The Market Solution Depends on Distribution of Wealth
There seems to be an endless struggle between what freemarket participants are selecting themselves and state actors. Is this something we could ever overcome? Like i'm thinking through the lens of something like bit coin. If freemarket selects bit coin as money, or in a disregards the central bank, shouldn't we honor what the market is choosing? No, it's not. That's a myth the market doesn't reflect what most people want. The merk market solution depends on distribution of wealth.
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