In “Diminishing Marginal Utility: It's a Law,” a writer for the Ludwig von Mises Institute explains the concept of diminishing marginal utility, gives a detailed example, and then concludes that the law of diminishing marginal utility is “irrefutably true.” In “The Law of Diminishing Marginal Utility and Debt Repayment” the author argues that each unit of debt he repays brings him greater additional happiness, therefore violating the “law” of diminishing marginal utility.
Which blog post do you find more convincing? Why?