definition
Jiang critiques standard macro modeling for treating money as a commodity, redefining money as promises/credit that collapses outside trust and usage.
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Monetary Theory
Jiang critiques standard macro modeling for treating money as a commodity, redefining money as promises/credit that collapses outside trust and usage.
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Timestamped Evidence
Transcript
"And this is, to me, just naive about the nature of money itself. And this is common across the entire economics profession. Economists, weirdly..."
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Transcript
"It's used in all sorts from jewelry to computer devices. Bitcoin can only be used as either a store of value or a means..."
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Relevant Lectures And Readings
Reading
Jiang reframes Hormuz disruption as a production-system collapse and argues that escalation incentives make the Iran conflict a political-economic choke point beyond price shocks.
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