Order Without Organizations with Aneesh Karve (WiM141)
The "What is Money?" Show
00:00
The Distorsions of Fiat Currency
The distortionary effects of fiat currency remind us of the effective psychoactive drugs on animals. What economic structures await our nascent human cooperation that we cannot discover because we cannot see clearly under the effects of money. The greater clarity of price signals will have the higher fidelity those price signals will be to the wishes of consumers versus the wishes of policymakers. This is why Bitcoin has been analogized to like the metric system of money or the metricsystem of economic calculation perhaps. And so, you know, it's great when you're Michael sailor talk he's like, "Here's how I'm going to fund my initiatives for the future"
Transcript
Play full episode
