Violators of Natural Law | The Song Series | Episode 3 (WiM092)
The "What is Money?" Show
00:00
Central Banking and Price Discovery - What's the Difference?
Central banking also destroys another form of discovery that's very import coordination, which is price discovery. So we have a kind of the idea of having a decentralized model that's more premised on discovery. Or you can have something that's centralized and topped down, that'sMore premised on policy. And this has the quality of increasing uncertainty, right? Because now the rest of us trying to coordinate and operate ourselves,. We don't know what the fed's going to do next week or washington policy maker is going to do.
Transcript
Play full episode
