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WiM055 - The Hillebrand Series | Episode 4 | Justice and Reason
The "What is Money?" Show
A Sound Monetary System Changes the Pricing Structure of the Economy
When we have a sound money and prices, not just a sum of moneya a free, an voluntary rket in general, that is much more than just sound money, then we can establish a pricing structure t of the pattern of our subjective preferences. Those who receive newly printed money first gain at the expense of others, and they raise their prices earlier. And individuals are fooled into spending their scarce assets into a venture that is ultimately not the highest moral gold that they could have sought for right y teting.
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