
Ep. 2016 The Truth About Inflation
The Tom Woods Show
00:00
Alism Is Taking Us From Scarcity
Alism is taking us from this world of scarcity we live in into a world of less scarcity. We can approach that world of zero price, through the process i've just described. The prices become lower and lower because the amount of gold, let's say, or whatever the monetary unit is, has increased only very marginally, but the supply of everything else has grown great abundance. Zero scarcity recalls rothbard's example of you wish for a coke and then all of the sudden the coque is just flowing down your throat. That is a costless, zero price world. We'll never get there. But we can, as prices get lower, lower, we can approach that
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