The "What is Money?" Show cover image

How to Think About the Economy with Per Bylund (WiM248)

The "What is Money?" Show

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Is Free Market Determined Money Really Good Money?

Some money that is backed by another value or people trust in itself. If you constantly undermine the purchasing power of money, then it's not a good money. Of course, this excludes pretty much everything that we call money today. All those state currencies are unreliable to say the least. They're a reliable means of indirect taxation for governments but there's really nothing else.

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