Cory Doctorow on Nostr: Our decisions to accept or refuse prices are the data that feeds this distributed ...
Our decisions to accept or refuse prices are the data that feeds this distributed computer, and the signals these decisions send about our desires triggers investment decisions by sellers, which guides the whole system to "equilibrium" in which we are all better off.
There's some truth to this: when demand for something exceeds the supply, prices tend to go up.
3/
Published at
2024-06-13 20:32:06Event JSON
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