#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
The Importance of Market Feedback in a Sound Money Environment
On a sound money standard it's much harder to actually survive and make a profit and stay in business. If you're spewing some ideology that other people don't like you're going to receive that kind of negative market feedback, he says. But on a fiat standard the circumstances are very different. No longer are you merely trying to survive the error corrective mechanism that is market feedback but also now that the government and its central bank are able to effectively create money out of thin air they can just keep those organizations and basically ideologies afloat That would otherwise go out of business.
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