2min chapter

The "What is Money?" Show cover image

Evil as the Cost of Creation | The Mike Hill Series | Episode 7 (WiM148)

The "What is Money?" Show

CHAPTER

The Definition of Value in Austrian Economics 101

Austrian economics 101 says you can't do anything as an expression of your value. Even inaction falls into that category, even if there's a purpose behind it. For example, when somebody has trouble getting out of bed in the morning, what that demonstrates is that some aspect of their personality thinks it's valuable to not pursue anything. It's like the fight, flight or freeze.

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