Why Nostr? What is Njump?
2023-09-08 17:20:24
in reply to

Fabio Manganiello on Nostr: Curator of Mastodon.art fediblock :newt: this is a naive way of looking at economics. ...

this is a naive way of looking at economics.

If something is available in an unlimited supply (or the supply is large enough compared to the demand to be considered unlimited), then yes, if you pay for something you have all the right to get it - as much as you want of it.

That's because your demand is unlikely to trigger a supply shortage, and either push up prices for everyone else, or put heavy constraint on their demand.

That no longer applies when supply is short, or somebody's demand has a strong impact on the supply.

In the first half of 2020, if you saw somebody walk in a shopping mall and buy 50% of the available toilet paper just for its little household, you probably wouldn't have said "oh, if he has the money to buy it then I'm ok with it".
Author Public Key
npub1v78mmuz20p6qd6nve30axhqu74avwn4f6z4grhug7755rat7wh3syukv0u