Saifedean does not address me but as I understand he argues that a sound money would inspire "low time preference" aka savings. He goes on to suggest this a better result than the Keynesian high time preference money which inspires consumption this flies in the face of Smith
are the two mutually exclusive? Depending on individuals end at a given time, one could covet saving during some point in time and participate in markets during others (persuing another end)?
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I think we would most rather that the most organic transactions happen as possible. Times in which people hoard are not conducive to production I think. What he has said so convoluted I can't believe he's not getting called out for it.
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Yes and perhaps the most organic transactions are likely to happen when individuals sovereignty to do so is the high (& I think there's a relationship between having a low-time preference & increased sovereignty)
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Increasing our sovereignty from what? Our own government that we created for ourselves? That is absurd. communist/marxist etc.
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I don't think government necessarily I mean soverieign more as independent from many things like even to make your choices freely Ex. to encrypt messages (pass secrets) very easily Not a Marxist lol plus it's the direct opposite of soverieignty from the government
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