Damus
Jeff Booth · 163w
1) Prices in a free market fall to their marginal cost of production. 2) The marginal cost of production keeps falling towards zero due to technological advancements Which means that if “your” ...
CantillonEffet profile picture
In a world which won't be able to fund UBI forever and for everyone with abundant money , the best we can do instead as a society is bring prices towards zero, to share the fruits of our advancements in technology. Then the amount of work needed to support yourself and your family decreases over time.
1
captain ☦️ · 163w
There is no such thing as prices tending toward zero! All prices are relative to other prices