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25 sats \ 4 replies \ @Rothbardian_fanatic 26 Oct \ parent \ on: Exchange is Not a Zero-Sum Game econ
You alway gain in an exchange, otherwise no exchange. It is all a matter of subjective desires of both sides of the trade. Money, of any sort, is nothing more than a way to exchange what you have for what someone else has as a intermediary. Gold is just an intermediary, BTC is just an intermediary and wampum was just an intermediary.
Minor correction: trades aren't necessarily mutually beneficial, but each party expects to benefit from a voluntary exchange.
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I guess I have forgotten what a minor correction trade is. Could you refresh me, please?
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ex ante vs ex post
You may regret a trade, after the fact, but expected to gain from it before hand.
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People often have buyers remorse! That is called tough sh*t! The trade would not have gone off without both sides thinking they would gain on the trade. You just have to be sure of what you want before you trade.
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