It should be clear, nothing has value in itself, only the naïve would think this. In other words, value is … Read the rest
Category: Money
Subjective Value
Value judgments express preferences of the acting individual. Action is aimed at the substitution of one state of affairs for … Read the rest
Explaining The Fed with a Hammer
Money is a dominant force in the economy. It is a medium of exchange and solves the double coincidence of … Read the rest