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Interest Rates and the Nature of Profit | The Twilight of Gold Series | Episode 12 (WiM186)
The "What is Money?" Show
Is Inflation Distorting the Coordination Between Market Actors?
A price is just an exchange ratio. Whatever's in the numerator is the thing you're valuating. I can ask you, how many apples for how many apples does a car cost? You can do this with any two things in the wod with money. And so this is the process of d civilization that inflation causes. Like your undoing the economic processat that bootstrap civilization through monetary debasement.
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