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Malthus vs Free Market vs Credit Money - Daily Live 1/6/23 | E295

Bitcoin & Markets

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What Makes Things Valuable?

What gives something its value is the subjective valuation of the market. There's going to be periods where the market shifts completely out from underneath people. If there was a general famine or if there was some period of global war again, a lot of our free time wouldn't be spent innovating,. It would be spent praying.

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