“Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading, and not an act of measuring.” – Ludwig von Mises, Epistemological Problems of Economics
Praxgirl’s series continues as we dig deeply into the subject of money. This episode is full of information. For many, it may take repeated viewings to grasp all the Mises’ ideas that Praxgirl presents.