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4min chapter
Praxeology: The Study of Human Action with Knut Svanholm (WiM332)
The "What is Money?" Show
The Importance of Deliberate Action
The first chapter in your book is action and we were talking about this distinction between holding and saving. And I wonder if we can unpack that a little bit and see how it relates to human action. What you're doing is when saving capital capital is necessary for economic progress, like the very basic Robinson Crusoe example. But hodling Bitcoin can be a deliberate action but it doesn't necessarily have to be.
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