5min chapter

The "What is Money?" Show cover image

Dynamic Tension and the Development of Moral Virtue | The Mike Hill Series | Episode 9 (WiM160)

The "What is Money?" Show

CHAPTER

The Metaphysics of Quality

A higher quality system, by definition, is one that assimilates the maximum number of viewpoints or perspectives. Ayo b this to free market versus a centrally planned market. That is exactly what a freely discovered price signal does. Rite its everyone operating on one price signal, trading against it,. And that signal propagates back into the minds of all market actors. So as like we're trying to fit the static structure as close as we can to the dynamic structure. The closer t the congruente of the two, the better the result in terms of wealth creation.

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