What Dreams Central Planners Dream

Consider the following. ‘The medium exchange, for the whole history of human commercial relationships, is defined and valued based on the scarcity of the item exchanged and the ensuing negotiation on trading ownership for some other item of scarcity. We are living in a bubble, where our commercial relationships are defined by a medium of exchange that is detached from a store of value. In our times, a tenuous attachment to value is made, when […]