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Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
Is Monetary Inflation the Cause of High Interest Rates?
Interest is merely the market price prevailing in but one of the markets of commerce, the market for debt bonds, credit and other interest contracts. Nothing about capitalism requires it to be a market for money contracts. Is no more vital or indispensable than a market for, say, frozen orange juice contracts. So what he's saying is, interest doesn't need to play the role in our economy that we've been conditioned to think it does. And i think that's a big barrier to people imagining a bit coin standard.
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