I like the conclusion you came to with this. As a corollary, human behavior can become more complicated around symbols (e.g. an asset) to the extent that value is extrinsic. Markets for such extrinsically valued assets are, in the words of David Milch, a lie agreed upon.
I like the conclusion you came to with this. As a corollary, human behavior can become more complicated around symbols (e.g. an asset) to the extent that value is extrinsic. Markets for such extrinsically valued assets are, in the words of David Milch, a lie agreed upon.
*Prices in markets