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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The Relationship Between Consensual Exchange and Value Creation

In any exchange there is value created on both sides because both parties are better off. But if it's not consensual, then it means that, well, I want those bags of potato chips, so I will just take them from you. So anytime in a sense when fraud or coercion is involved,. It's a redistribution, a real locational value, but it's not a creation of value.

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