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Podcast: PRay TeLL, Dr. Hash
Episode: 15 Economics
Description: There's an almost total misunderstanding of federal-level economics among the general population. Conservatives keep comparing it to home budgets, and Progressives get it mixed up with Marxism.Money is imaginary, only made possible through Government. Would you really accept pieces of paper, or worse, computer numbers, if there wasn't an enforcement mechanism? Imaginary money is why you don't have to carry chickens around, and the machinations that a government can do to stimulate an economy is why those computers even exist. From this perspective, all money is government money.I know Conservatives use the term "...