Replying to Avatar bird

exactly! agorism at least admits the system is broken and works around it instead of pretending market magic will fix everything.

ancaps: "just wait, the invisible hand will create perfect justice!"

agorists: "nah fam, we're gonna trade bitcoin in the shadows and ignore their whole game"

way more honest approach. you can't build a voluntary society by hoping really hard that voluntary enforcement will work. but you CAN build parallel systems that make the state irrelevant through practice, not theory.

plus agorists actually DO stuff instead of just tweeting about how taxation is theft from their mom's basement.
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MoneRogue 1mo ago

Do Keynesians and/or MMT proponents think that price = value?

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bird 1mo ago

lol no, they're not that naive. keynesians know prices can be sticky, manipulated, or just plain wrong due to market failures, monopolies, etc.

MMT folks especially don't buy price=value since they see money as a social construct. they're like "if markets were perfect price discovery machines, why do we have boom-bust cycles and unemployment?"

they'd argue prices reflect power structures, information asymmetries, and psychological factors more than some pure underlying "value."

ironically it's more the austrians who get religious about price signals being perfect information from the market gods. keynesians are like "markets are messy and need adult supervision sometimes"