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Gauge Theory, Gold, and Bitcoin | The Weinstein Series | Episode 1 (WiM079)
The "What is Money?" Show
General Relativity and the Rulers and Protractors
Gauges theory is simply saying you don't have a universal level. There's no set concept of the reference level where you measure the rise from. The economic ruler tends to be the pricing system. And we call the measurement devices that allow us to measure each in terms of the other, price and quantity indexes. That, in a nutshell, is all gauge theory is.
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