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Apparently further beyond "Veblen", price stops being a signal because the very wealthy have money. The signal has to change to other more scarce resources: htt
by robocat 7mo ago
Apparently further beyond "Veblen", price stops being a signal because the very wealthy have money. The signal has to change to other more scarce resources: https://news.ycombinator.com/item?id=47265889 https://news.ycombinator.com/item?id=47265889