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33 sats \ 12 replies \ @SimpleStacker 29 Oct \ parent \ on: Money Isn't a Measuring Stick, Idiots (TDE, Pete Earle) econ
Den is wrong about a lot of things, but he's right on this one
Nice to hear that
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Why does money need to signal "economic conditions"?
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The relative value between goods is always subjective and fluctuating. Would you agree or disagree with that statement?
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Yes. What does that have to do with the fixed nature of the medium of exchange that a buyer and seller use to facilitate their trade? Are they not able to gauge the value of the MoE and isolate it to the trade without it reflecting economic conditions?
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What natural unit are you suggesting that the medium of exchange is fixed to?
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Whatever the buyer and seller agree to. I would choose something not subject to the political whims of men. I thought virtually everybody on this platform would as well. I guess I was mistaken.
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What's the last thing you bought or sold with bitcoin?
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Bought a few weeks ago maybe. Sold about 2 weeks ago. Why?
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Do you and the seller agree to some fixed unit which measures the value of a sat when you made that exchange?