5min chapter

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Price-Models Revisited, Price vs Relative Value with Steven Lubka, John Haar and Greg Foss - July 21st, 2023

The Café Bitcoin Podcast

CHAPTER

The Importance of Price Modeling

The idea of price modeling is still legit. It's not by putting inputs into a model whose output is a prediction of price at some point in the future. The Austrians believe that it's valuable for us to actually get better at whatever industries we work in. As Keynesians and MMTers, they seem to think the way to prosperity is having the right experts in the right seats tweaking the right dials. They're building on a terrible foundation. But anyway, I like how there's overlap here between the belief in price models and the belief in economic central planning.

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