Oh Cappy, love your stuff but let's get a little bit economisty about some of it...We're not living in a 'post scarcity' world. We're living in a technologically advanced economy of scale. Commodities are produced at way lower cost than in the past thanks to lots of time/smart engineers. But we will never be past econ 101. All resources are scarce, to some degree. We have for the first time in human history a combined fiat central bank system...and Von Mises' computational problem...We'll end up with gluts/shortages in time......
2 comments:
"Is there anything to look forward to in the future?"
Yes, the timely demise of your enemies, both declared and undeclared.
What else is good in life? :-)
Oh Cappy, love your stuff but let's get a little bit economisty about some of it...We're not living in a 'post scarcity' world. We're living in a technologically advanced economy of scale. Commodities are produced at way lower cost than in the past thanks to lots of time/smart engineers. But we will never be past econ 101. All resources are scarce, to some degree. We have for the first time in human history a combined fiat central bank system...and Von Mises' computational problem...We'll end up with gluts/shortages in time......
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