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A System of Stratified Lies | The Weinstein Series | Episode 4 (WiM095)
The "What is Money?" Show
Mone
Mone is kind of the ultimate common accis, if you want to compare as many things as possible in the market place. People are voting through buying and selling, right? I sell a car i'm telling the market make less ars. I buy a house, i'm signaling to the market to make more houses. And this mechanism in the sphere of money is mediated by the interust ryt so the interest rate is the price of money. Effectively, when we're saying that we need to give the government or some arbitrary authority the latitude to print money or change the money supply when there are market failures, it seems to me like unavoidably arbitrary rias. We don
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