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Viviana A. Zelizer — 2022 Markets & Society Conference Keynote

Hayek Program Podcast

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The Social, Cultural, and Moral Multiplication of Money in the Pandemic

In the case of donations and remittances, it helps us understand why pandemic money might have broken that precedent established by the Great Recession. It also explains why the stimulus check was often earmarked as a morally fraught source of income. And again, notice the seeming paradox, cold cash, the supposedly ultimate transactional medium, alchemized into a warm social currency.

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