this post was submitted on 08 Feb 2025
467 points (96.6% liked)

Curated Tumblr

4820 readers
4 users here now

For preserving the least toxic and most culturally relevant Tumblr heritage posts.

The best transcribed post each week will be pinned and receive a random bitmap of a trophy superimposed with the author's username and a personalized message. Here are some OCR tools to assist you in your endeavors:

Don't be mean. I promise to do my best to judge that fairly.

founded 2 years ago
MODERATORS
Apytele@sh.itjust.works
Csynthare@dataterm.digital
ethaver@kbin.earth
467
How to fix the economy (lemmy.world)
submitted 1 month ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
166 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] peoplebeproblems@midwest.social 2 points 1 month ago

Ah ok, I see the flaw in my thinking.

Things that are always in demand don't drive a price solely based on supply, and since people don't act in their own best interest the actual demand of something can't be a useful way to determine the value of a thing.

So that sort of says to me that with a truly free market economy, it would be just as impossible to model future prices because of the inherent unpredictability of humans.