Nostr

Thinking that value judgements are made when I go to Starbucks:

No, Starbucks provides me a “use-case” (using my feet to get there, my gas to drive there, the energy spent speaking to the barista, etc), the calories of the drink can offset the amount of energy used. That’s what needs to be taken into pricing a little bit more.

The idea that I derive value from this shitty coffee is absolutely dumb. Because I didn’t. I made an irrational decision as a consumer, like so many other consumers, which is why our markets are currently irrational. However it IS worth the energy I spent, so I’m not saying it doesn’t belong in the economy or the coffee shouldn’t be priced, but to call that pricing as an indicator of “value” would be incorrect.

Zach⚡️ 2y ago

You spent time and resources to go to Starbucks, traded money for coffee, and yet you don’t value the coffee and you think you just did it because you’re an irrational actor?

You can’t just assert that the price should be whatever the amount of energy it took you to get to Starbucks is. The price is set by the people who produced the good and sell it, not the people who come and consume.

With that said, producers change prices when too many/not enough people are consuming their products, but they do so through their own free behavior. Mandating that prices should be something because you subjectively ‘feel’ they are irrational is not how a free economy works.

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Discussion

Sasha 2y ago

I can and I will, so I can understand the true price of something and then arbitrage for when the shadow eye of the free market reveals truth and ppl like you who consistently misprice things over and over stand there shocked and confused on wtf happened

Zach⚡️ 2y ago

There’s a big difference between “this is a price I’m not willing to pay and I think is unreasonable” and “there are objective prices and society needs to adopt them by decree”

You are always free to not consume or make decisions based on your own subjective value judgements. Just don’t try and mandate others to have to follow the judgements you make.

I’m interested in how you think you are better at pricing things then everyone else in the market, and yet you also claim to be irrational and gave an example of you paying prices you don’t think are worth it for Starbucks? Seems to be a bit of a disconnect there.