Emile Phaneuf III on Nostr: My conclusion on Mises' regression theorem: It a useful framework for understanding ...
My conclusion on Mises' regression theorem:
It a useful framework for understanding how a good can emerge as a medium of exchange, but Mises was wrong that a good could not become a medium of exchange without adhering to the theorem. His theorem also violates the subjective theory of value.
https://www.aier.org/article/misess-regression-theorem-bitcoin-and-subjective-value-theory/
It a useful framework for understanding how a good can emerge as a medium of exchange, but Mises was wrong that a good could not become a medium of exchange without adhering to the theorem. His theorem also violates the subjective theory of value.
https://www.aier.org/article/misess-regression-theorem-bitcoin-and-subjective-value-theory/