"Prices are the coordinating force of a free market system. Each individual decision-maker can rely on the prices of goods and services to help with their decision making, as the prices themselves are a distillation of all known market information into a single metric." - Dan Held

This is one of those articles that just explores the emergent brilliance of the free market system & easily got me into a near 40 minute rant afterward. Prices are not arbitrary, and a market price is quite possibly the most information dense piece of actionable data you can find anywhere. Learn all about it, in this piece from The Bitcoin Times Ed 2, "The Information Theory of Money."

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Things you must also listen to because I told you to!

• Hayek's "Use of Knowledge in Society"

• Leonard Reed's "I, Pencil"

• TEDtalk "How I Built a Toaster… from Scratch"

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