No. Prices describe the relative coincidence of wants. Capital is subjectivity i

No. Prices describe the relative coincidence of wants. Capital is subjectivity independent -it’s objective. Subjectivity is only relevant in determining whether an exchange is voluntary or coerced. It’s the only test of the truth of reporting and the absence of coercion.


Source date (UTC): 2018-04-08 13:00:07 UTC

Original post: https://twitter.com/i/web/status/982966317270622208

Reply addressees: @pavelkuchar @PeterBoettke

Replying to: https://twitter.com/i/web/status/982892313730011136


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Original post: https://twitter.com/i/web/status/982892313730011136

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