The Economy as a Psychological Engine with Nolan Bauerle (WiM300)
The "What is Money?" Show
00:00
The Importance of Time Preference in Entrepreneurship
Fiat's destroying accounting and accountability, right? And that old price signals are all screwed up. So you don't know profit and loss gets distorted. Entrepreneurs get thrown into disarray. It's not even about accountability. There's no desire to even be in the rape. The ability for you to participate in society without this financial engineering understanding is pushed to its max.
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