scaling is the hardest part of everything and the thing that plays a significant role in which producers gain the lion's share of a market also.

the net result of fiat currency and in-group favouritism is to the detriment of the whole, because it tends to not be the one with the best scaling solution but the one with better access to the money printer who outbits the most efficient producer.

this inefficiency diminishes the potential size of the economy, via the lever of funny money.

Reply to this note

Please Login to reply.

Discussion

No replies yet.