16 books
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12 voters
Austrian Economics
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In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.
It is time for a new beginning.
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The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation.
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