http://www.themoneyenigma.com A New Perspective on Money and Inflation Sun, 03 Apr 2016 00:13:19 +0000 hourly 1 http://www.themoneyenigma.com/price-determination/#comment-2501 Sun, 03 Apr 2016 00:13:19 +0000 http://www.themoneyenigma.com/?page_id=421#comment-2501 A suggestion…
I love your theory – it explains some mysteries regarding inflation and deflation that weren’t explained with my current understanding.
However, it’s possible it’s missing a small piece. Various Austrian oriented commentators make the point that a trade doesn’t happen unless both parties feel they’re getting BETTER than fair value. This would necessitate yet another dual variable in the theory to fully explain things: each party has an independent assessment of the value of money and also the value of the good.

]]>