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Resources Are More Abundant Than Ever, and People Are the Reason | Cato Unbound #153

Open trasparente opened 3 years ago

trasparente commented 3 years ago

https://www.cato-unbound.org/2021/04/21/marian-l-tupy-gale-pooley/resources-are-more-abundant-ever-people-are-reason

Relative scarcity leads to higher prices, higher prices create incentives for innovations, and innovations lead to abundance. Scarcity gets converted to abundance through the price system.