That’s just the evidence. In fact, over the next fifty years the increasing decline in the value of labor will require paying people to not interfere in the market they depend upon because all they are able to do is generate demand for consumption given the disutility of labor.
Source date (UTC): 2019-09-25 23:22:32 UTC
Original post: https://twitter.com/i/web/status/1177000460965863425
Reply addressees: @BobMurphyEcon
Replying to: https://twitter.com/i/web/status/1177000212306583552
IN REPLY TO:
Unknown author
@BobMurphyEcon To answer the original nonsense-argument, that people produce not markets, this is patently false. Rule of Law produces, markets, and markets produce risk takers and organizers, and less and less frequently labor. The value is created by the risk, the organization, and not labor.
Original post: https://x.com/i/web/status/1177000212306583552
IN REPLY TO:
@curtdoolittle
@BobMurphyEcon To answer the original nonsense-argument, that people produce not markets, this is patently false. Rule of Law produces, markets, and markets produce risk takers and organizers, and less and less frequently labor. The value is created by the risk, the organization, and not labor.
Original post: https://x.com/i/web/status/1177000212306583552
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