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•Labor theory of value is false. Subjective theory of value is true.

•The origin of money is the spontaneous order of the free market.

•The world can support any amount of human beings without being destroyed. Governments are the biggest threat to the environment, humanity and the world.

•The correct role of the government in economic policy is no role at all. Laissez-faire is the way. It should only be involved in upholding the rule of law, ie natural law and protection of natural rights. It will never perform even this role adequately.

•There is no such thing as intrinsic value. Value is determined by subjective preferences and supply and demand.

Sacred Peak 1y ago

hey Sachin in a sense isn't money originally a placeholder/pointer to value and that value was delineated and minted as coins? #asksachin

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Discussion

sachin 1y ago

Value doesn't have to be represented in coins. It can be represented with any good or commodity.

Sacred Peak 1y ago

sure. each thing has a value. we can trade v4v without a real or virtual coin/money or with one.

sachin 1y ago

You're right, we can do that one on one after establishing a certain degree of trust

But for economic exchanges with people we don't trust, a good or commodity that we both consider as money would be better

Sacred Peak 1y ago

yep

here's what I'm getting at.

I'm sorta doing the money is the hand pointing and the moon is the value (if I fold it into that Zen metaphor).

but mostly I'm here to chat and hear if I'm totally oblivious still or catching on and able to say it on my own words.

🫂🤙

sachin 1y ago

And the size of the moon can vary for different individuals based on their point of view

Sacred Peak 1y ago

ok Sachin. now I like you more. thanks for that response and yes.