Time is not scarce; time is infinite (for all of us)
Time is scarce; therefore, valuable.
Human action leads to choice (opportunity cost at the margin).
= All choices are economical.
Austrian economics 101
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https://blossom.primal.net/68cc2dfa6250e9125ab1cf8b21843d07fff8fb36aa87851f7f0519d1c0a98778.mp4
Discussion
Personal human time is scarce though. Money can only measure human life time, and with 100% automation that doesn't require any maintenance by human money will cease to exist. Same with humanity achieving immortality.
Alas it is not
You live and die and you don't know when that will happen
So decisions you make will affect your economics - that is why bitcoin aligns so well with the Austrian principles of economics
Read the chapter on time… (the principle of economics saifedean ammous)