Nathan Franz @nathanfranz.bsky.social · 21/02/2026Canonical economic models everyone agrees on are rarer than I expected, coming from physics. When they exist it's often a selection effect, where the model defines the field rather than the field converging on truth. 120
Nathan Franz @nathanfranz.bsky.social · 21/02/2026Perhaps a literature makes real progress when adversarial models, built from opposite sides' premises, converge on similar conclusions. The remaining disagreement becomes empirical rather than theoretical. 120
wfrost @wfrost.bsky.social · 21/02/2026Great missive. Reminds me of how a free market defines value. There must be some common currency - trust - for any trade to happen at all. If and when a currency is established, both the value of the goods and the currency itself change over time, such thats its never clear which defines which 110
