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2min chapter
Praxeology: The Study of Human Action with Knut Svanholm (WiM332)
The "What is Money?" Show
The Derangement of Human Rationality
When you start to counterfeit the currency or inflate the currency, you derange that process. So you're inhibiting the extension of human rationality into a pricing system. We get this clown world thing because no one knows what anything means. What is Bitcoin? There's so many things in the clown world that words have completely different meaning.
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