The Importance of Money in an Advanced Industrial Economy

Andrew Keen: Could you give interest rates over to the free market while still having a currency? Keen: I would assume that when you've got a central authority endeavoring to control something that mammoth, there's also a very high propensity to have a bubble occur. He says people gravitate to what is the medium of exchange that's most popular. A few extensions and fanatics would trade something that nobody else wants, but by and large they want to hold and trade with the money that everybody else wants.