The Idea Meritocracy | Principles of Bitcoin Series | Episode 1 (WiM254)
The "What is Money?" Show
00:00
The Market for Money Is Not a Free Market
All regulation of any form is a restriction and limitation on free market dynamics that reduce their capacity to generate good ideas and wealth. Monopolies cause increased prices because the monopolist does not face competition from other producers, they can effectively charge the consumer whatever they want. To become more productive is to accomplish greater results with less efforts, which is the same thing as saying becoming more productive. Free markets are the only way we become more productive.
Transcript
Play full episode
