61 sats \ 3 replies \ @siggy47 OP 15 Apr \ parent \ on: What Would Carl Menger Think Of Bitcoin? libertarian
I can't help but think that what Menger is referring to is the natural money that emerges in a community, like in Szabo's Shelling Out: https://www.goodreads.com/book/show/36329520-shelling-out
Sea shells, beads, wampum.
We can agree to disagree.
Ultimately, it won't matter to me. Bitcoin is too important for me to worry about shoe horning it into a philosophy for armchair discussion. It is important to think about, though, when we consider the free market and our own criticism of manufactured fiat.
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96 sats \ 2 replies \ @Undisciplined 15 Apr
what Menger is referring to is the natural money that emerges in a community, like in Szabo's Shelling Out
I have no doubt about that.
I was basically taking your question as whether or not Menger would understand Bob's point, given that Bitcoin has seemingly established itself, or if he would be skeptical of it because of how it originated.
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61 sats \ 1 reply \ @siggy47 OP 15 Apr
I see. I guess we'll never know.
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96 sats \ 0 replies \ @Undisciplined 15 Apr
No, but I want to think Menger would get it, because Bob's explanation is so true to Menger's insight about subjective value.
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