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42 sats \ 1 reply \ @Scoresby 15h \ parent \ on: Is increased merchant adoption reducing bitcoin's purchasing power? econ
I don't mean to start this conversation up again (quite yet), but I've been thinking about it for a few days and I wanted to say that I did find this reply helpful. Particularly this part:
To me, the central difference between supply and demand is that supply is how much we value things in our possession already and is thereby constrained by our inventory, whereas demand is how much we value stuff other people have and is constrained by our purchasing power.
I'm going to see if I can't do a little Rothbard reading (it's a pleasure anyway) and try on my own to follow it. Thanks for pointing the way.
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0 sats \ 0 replies \ @Undisciplined OP 13h
Always happy to clarify some economic thinking and even happier to push Rothbard on someone.
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