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Ep. 281 Murphy vs. Twitter Econ

Bob Murphy Show

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The Immutable Value of Money

If you really want to understand what money is, it's not a database. It's not information per se. And it's not energy. All right. Even if everybody used gold coins and even if there were no more, forget that. How about bitcoins, right? Let's see, we get to the point where 21 million bitcoins have been mined. Everyone's holding them. The accounting of maybe 1 million had been lost some others like 20 million that people know about know how to access. Okay. No more is coming in. So you might think that's an immutable now measuring rod that's not going to be distorted. But I'm just saying it's still possible. Like I

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