Jeff Booth on Nostr: 1) Prices in a free market fall to their marginal cost of production. 2) The marginal ...
1) Prices in a free market fall to their marginal cost of production.
2) The marginal cost of production keeps falling towards zero due to technological advancements
Which means that if “your” prices are going up over time….1) it is not a free market and 2) you’re measuring from an inferior currency to Bitcoin.
Published at
2023-02-16 14:46:38Event JSON
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