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How to fix the economy (lemmy.world)

submitted 2 days ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 2 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.