3min chapter

The "What is Money?" Show cover image

"Money: Free and Unfree" with George Selgin (WiM209)

The "What is Money?" Show

CHAPTER

I Don't Want People to Get the Wrong Idiot

When central planning is done badly, the system of relative prices tends to not be functioning well. Price signals tend to get noisier and become less reliable as guides to how resources should be used. So i don't want people to get the wrong impression market based monetary systems also are imperfect. And there are a number of reasons why the moey supply can behave in a less than ideal way in these arrangements.

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