2min chapter

The "What is Money?" Show cover image

Here for the Truth on Money and Bitcoin with Robert Breedlove (WiM271)

The "What is Money?" Show

CHAPTER

The Price of Copper Is Suddenly Going Up, Right?

The market price is this miraculous coordination tool that no humans need to share a narrative or a story about what happened at all. We can just mathematically express the real conditions of commodities and assets in the world relative to the preferences of all market actors. You have to have accurate prices such that markets can satisfy human wants, which is to say solve problems basically. So without money, without the language of value, the market process is not possible.

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