this post was submitted on 08 Feb 2025
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How to fix the economy (lemmy.world)
submitted 3 days ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
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[–] peoplebeproblems@midwest.social 2 points 3 days 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.