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5min chapter
Order Without Organizations with Aneesh Karve (WiM141)
The "What is Money?" Show
The Distortion of Money
Austrian business cycle theory is that you are causing the entrepreneurs to misjudge the value of assets. And so this got me thinking about, well, about Bitcoin as a common as denominator. So what if the medium of exchange also becomes a very reliable and regular barometer? Now we can see the world with an unprecedented kind of clarity. I mean, it's absurd that anybody thought it may be maybe fiat economy did bring us some good things because this sounds like a Fiat thing. But by fixing the denominator by creating a more common denominator economic calculation become larger and bigger and greater.
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