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The Problems with Price Inflation | The Twilight of Gold Series | Episode 11 (WiM182)
The "What is Money?" Show
Are You Trying to Make Number Go Up at All Costs?
Trying to make number go up at all costs, in nominal terms, creates all these negative externalities. We're talking about it like the business cycle, warfare, deception and suspension of convertibility. And so humans are always making the trade off - am i willing to spend the calories for this new number go up chapter of my life? Or do i have enough number and i'd rather sav save the calories? That's what's cool about being a self sovereign economic actor in a dynamic and sovereign monetary system.
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