Ep. 511: A Zen Money Perspective with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
Theobold's Principles on Money
The reason for the increase of the national debt is extremely obvious. It is that with an expanding gross national product there needs to be more and more money in order to circulate the amount of goods produced which is ever increasing. We must recognize then that money is a pure abstraction. And as words are not the physical world, money is not wealth.
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Transcript
