By Joshua Mawhorter
Mainstream economics does a disservice when students are taught that money is a medium of exchange, a store of value, and a unit of account without explaining why and how money came to function in those categories.
I've got a ~bitcoin_beginners post about this brewing in my head. The bitcoin progression will be different than this standard account, me thinks.
Saw this, lots of Misesian twitteratis posting about it.
Seems interesting; will make me lose braincell, I suspect
@remindme in 3 days
It's fine. He's just going over the logic of why and how people accept things in indirect exchange at particular ratios.