#19 – Logan Chipkin: Understanding Economics
Arjun Khemani Podcast
The Relationship Between the Soundness of Money and the Cost of Bullshit
Fiat money shields ideas from criticism. If you're one of these ideas or ideologies that finds itself gaining support not from market signals but from sucking from the teeth of the fiat standard. So a sound money standard basically raises the cost of spreading anti-rational memes and raises the returns on spreading rational memes relative to being on a Fiat standard. The examples I used in the piece were ESG that is environmental, social and governance and DEI, diversity, equity and inclusion.
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