Our Civilization is Dying...Can Bitcoin Save It? w/ Jordan Hall (WiM584)
The "What is Money?" Show
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Market Mechanisms and Monetary Evolution
This chapter examines the complexities of market failure, emphasizing the breakdown of formal institutions and the resulting inefficiencies in societal behavior. It discusses the evolution of money from tangible commodities like gold to abstract fiat, highlighting how this transition impacts market dynamics and ethical values. The chapter warns of the dangers of detaching value from its energetic basis, suggesting that such shifts could lead to systemic corruption and societal disillusionment.
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