PRICE IT THE REPRESENTATION OF THE SUBJECTIVE NATURE OF VALUE!!!
Are there any units to measure subjective phenomena other than an arbitrary relation to collective consensus?If we attempt to measure collective consensus, we need to have a measurement that is fixed and not dependant on
SUBJECTIVE NATUREOF VALUE1) No all units are a shared opinion.
2) I am not sure what you are trying to say in the second line?
1) agreed but my point being for a unit to be effective we all have to use the same unit or a have a fixed conversation, if we use alternate ones.
2) There is a flaw in the reasoning that price stability is good. Price stability reflects only that supply and demand are in equilibrium.
While price stability is the goal it is achieved honestly by a free market and voluntary exchange. Manipulating the units of currency is dishonest. So to explain, given our (all of humanity) needs change and our value judgments personal, the currency unit we all use needs to be fixed and constant, to allow honest exchange in trade.
A fixed currency unit allows humans a fixed scale by which to judge value.