Economic calculation without prices is like navigation without stars.

Reply to this note

Please Login to reply.

Discussion

price is the most undeniable signal

Building on nostr is like navigating blindfolded 😅

Really what you are saying is that relativity exists even within economics. Bitcoin actually proves this.

Prices of things are just points in time and their relationship to eachother and some fixed anchor (energy itself). Where are we moving in spacetime relative to a fixed anchor point.

I think a lot about how accurate pricing can even be possible with a fiat UoA