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2min chapter
Praxeology: The Study of Human Action with Knut Svanholm (WiM332)
The "What is Money?" Show
The Consequences of Counterfeiting
It's psychologically profitable to both parties to a transaction. When private property is respected. Both parties believe that using this trade as a means to reach their ends is a good idea. Has reduced their felt uneasiness. Will reduce their, yeah, uneasiness when they consume whatever service they pull. So we have, it's the only, only through consensual trade, they would increase like aggregate satisfaction. It's so damn simple and yet it's so hard to see for people. Because it's been veiled. Yeah. There's a chapter in this book called Counterfeiting. This is something I'm going to give my talk on tomorrow.
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