4min chapter

The "What is Money?" Show cover image

WiM060 - The Vervaeke Series | Episode 7 | Religion and Other Sacred Canopies

The "What is Money?" Show

CHAPTER

The Importance of Voluntary Exchange in Austrian Economics

In austrian economics, that is how we create value. So the more you maximize voluntary exchange and minimize coercion, the better outcomes you have over all. Academia is a bottle neck on information flow. If people are degrading the signal because they're lying or defrauding, or they're misrepresenting, right? There's all kinds of things whichall actually undermine the capacity for people to make informd choice or decision.

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