Us Shire Silver folks aren't the only ones that understand that money is a product. Don Boudreaux over at Cafe Hayek knows it to, as he so eloquently points out in his new post Good Thing We Have No 'Steel Policy'.

Treating money as if it were something "magical" or otherwise special is a common mistake though. Even Milton Friedman and the rest of the Chicago school don't understand or accept that money is no different than any other product. Of course the Keynesians are wrong as well. Only those who belong to the Austrian economic school of thought seem to actually understand money.

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