AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Importance of Time in the Economy
Time is a much more powerful argument than let's say labor power, right? Because then you can start to think okay as a subject I have a finite amount of time that I can invest my time for me in my own internal market My time is invaluable that you can't put a price on my life Whenever one is negotiating one's labor recompensed or what have you you're never operating from an equal footing because You have scarce time, but societies demands do not right? Societies demands are infinite and so That's what markets are trying to calculate Is ultimately time. It reminded me of our conversation with john rof about markets,. And kind of the the black swan events and trying to