RE: Step One to Understanding Economics - Commentary on Bastiat's 2nd Sophism

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Step One to Understanding Economics - Commentary on Bastiat's 2nd Sophism

in economics •  7 years ago 

Thanks for the resteem, Creatr, and thanks for the post, Derickj!

I always looked at value as a combination of how badly we want something combined with how difficult it is to bring it to us.

That explains it simply and works well. Starving? You will pay me gold to eat. :)

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It is that simple, and it's crazy how much we lose are ability to see it with all the noise surrounding it. Thanks for giving it a read

Government schools work very hard for years to program people to believe lies. :)

They do. Mediums like this will allow us to undo them over time.