Price is a means to an end.
- Price is a means to an end.
- The ultimate proxy of value.
- Everyone participates in a trade willingly so it is by default an authentic signal of their belief.
- It turns out that financialization is an all-powerful but fundamentally corrupting force.
- You want to harness its power as society by riding it without letting it ride you.
- Over time it will erode your power and that dynamic will invert.
- We've Goodhart's-law'ed ourselves in the face.