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Jake Woodhouse · 11w
I believe that human action means we will always create value, and specialise, plus trade So the need for money will always be there to perform its 3 key features Store of value Medium of exchange ...
GJM profile picture
Thanks for your input. Out of curiosity, have you heard/seen any of the commentary from Emad Mostaque, formerly of Stability AI? He has written a book called The Last Economy and is heading up the Intelligent Internet. It’s an interesting effort to offer a solution via AI to the upcoming economic paradigm shift as he sees it. It’s an interesting take on what is potentially coming from someone involved in creating and shaping AI. Book in link (free) https://www.thelasteconomy.com/?ref=ghost.ii.inc
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mleku · 11w
Mises proved that socialist command economies cannot remain economically stable because of mismatches between actual needs and the dictates of the bureaucracy. Hayek pointed to the information problem, which is that the information and decisionmaking of a central command economy can never acquire e...
Jake Woodhouse · 11w
I’ve not read about this no Let me take a look and thanks for sharing