3 ms·
Price is a signalling protocol for resource allocation. Perhaps the underlying resource has been degraded or is no longer useful in some sense, in which case r
by somewhereoutth 4y ago
Price is a signalling protocol for resource allocation.
Perhaps the underlying resource has been degraded or is no longer useful in some sense, in which case real wealth has been lost. Otherwise it might just mean the signalling has changed (e.g. control of resources has shifted).