The "What is Money?" Show cover image

"We Don't Need Central Banks" w/ Richard Werner (WiM581)

The "What is Money?" Show

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Decentralization vs. Central Planning: Embracing Local Knowledge

This chapter examines the shortcomings of central planning as critiqued by Hayek and underscores the value of local knowledge. It also explores the transition of institutions towards free market principles, highlighting the benefits of decentralized strategies in improving economic outcomes.

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