Max Hillebrand on Nostr: Price is a quantity of money, but price is never the exact value of the individual, ...
Price is a quantity of money, but price is never the exact value of the individual, it has to be lower than the good traded, otherwise trade wouldn't happen.
That's why property rights and trade are so important, it gives a cardinal valuation with which we can do math and accounting, whereas this is impossible with subjective valueation alone.
Published at
2025-03-06 07:29:56Event JSON
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