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WiM004 - The Saylor Series | Episode 4 | Bitcoin: The First Digital Monetary Energy Network
The "What is Money?" Show
Forecasts of Scarcity: A Consistent Misjudgment
Historical predictions about impending oil and energy shortages have proven consistently inaccurate, with forecasts dating back to the 1950s often claiming that supplies would be exhausted within a decade. This recurring theme has persisted through several decades and academic disciplines, suggesting a systematic misinterpretation of energy supply dynamics. Approaches like system dynamics, studied extensively at institutions like MIT, reveal the complexities in accurately predicting resource scarcity, indicating that real outcomes often contradict the academic narratives of shortage.
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