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Jul 25

Artificial Scarcity and Abundance Incentives

We want good things. We want more good things to be made. In fact, we want an abundance of good things. So, we reward those who make good things. This is extremely intuitive: much of our society is built on incentivizing creation. Money, for example, and the exchange of goods of equal value, makes it necessary for everyone to contribute to the economy. However, this foundation is flawed. Counter-intuitively, it is very easy to disguise systems that artificially reduce abundance (called artifi...

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