Praxeology: The Study of Human Action with Knut Svanholm (WiM332)
The "What is Money?" Show
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The Importance of Value
All valuation is subjective. The only thing I as an outside observer can say about that is you valued taking that drink of water at that moment, yeah, more than you value doing anything else in the world. And even if I tell you why I did it, yeah, you can't you can't know if that's true or not. You can choose to trust me more or less, but it's still action that that is the most truthful thing about human beings. What's their behaviors instead of what they say,. We get a very much clearer picture of who they are and what their intentions.
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