Mutiny Investing Podcast cover image

32. PJ Pierre

Mutiny Investing Podcast

00:00

The Economy Is Good at Setting Relative Value

The government sets the price on what it pays for one day's wage for, you know, a labor. But once it sets those prices, the economy is good at setting relative value. If it takes two days to harvest a bushel of corn and one day to harvest wheat, then in terms of labor, wheat is going to be half as valuable as corn. And all these relative value relationships sort of fall out after that.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app