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No, “societal” value is not what you want or think is good, and “we” are not a homogenous entity of observable, aggregated preferences.
Original Article: "Modern Monetary Collectivism"
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
Joakim Book is an economics graduate of the University of Glasgow, and is currently a graduate student at the University of Oxford. He writes regularly at Life of an Econ Student.