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Could Local Digital Currencies Improve Communities?

The Breakdown

00:00

A Reason Austrians Like Gold

Marketing is a feature rather than a bug of the global economy, argues John Defterios. The real problem arises from a difference in scale between an individual person and the global environment where they must set their prices. Local currencies circulating locally could bend market icipants playing af focus like a lens, gathering less noisy information. This would not waste so much energy because our communities are close to us, we have special knowledge about them.

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