That's what I love about you Derek 🤙🏻. Books became a source of noise as they became cheaper to produce, but also knowledge expounded so like everything, a double edged sword. Price signal is only one of many tools of course, looking forward to what other innovation lies ahead.
Discussion
fair points, i hadn't thought about as books became cheaper to produce, anyone could have produced them, adding more noise. which i guess is why we have the saying the winners write the history books. i guess this also used to apply to the rich as well? or at least it used to.
It's a difficult problem to solve. On one hand you want everyone to be able to express themselves, on the other had that creates chaos, because naturally people have different levels of knowledge and expertise. Historically the strongest signal was associated with the highest cost, but maybe that's not the best way 🤔.