"All prices fall to the marginal cost of production. Anything that deviates from that is not a free market, it's a control system." -Jeff Booth
"All prices fall to the marginal cost of production. Anything that deviates from that is not a free market, it's a control system." -Jeff Booth
that doesn't mean the market environment is deflationary.
and literally nobody thinks that the best possible structuring is *as deflationary as possible*
except #bitcoin maxis of course
because it helps them rationalize their greed.
