Ep. 511: A Zen Money Perspective with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Purpose of Technology in Production
The purpose of the machine is to make drudgery unnecessary, he says. If we don't allow it to achieve its purpose, "we live in a constant state of self-frustration" The government or the people have to be responsible for issuing sufficient credit to circulate goods they are producing and balance the measuring standard of money with the gross national product,. That means that taxation is obsolete, completely obsolete. It ought to go the other way.
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