roadx on Nostr: Saying 'scarcity creates value' is a circular argument. Since scarcity means that ...
Saying 'scarcity creates value' is a circular argument. Since scarcity means that demand exceeds supply, and demand implies value, stating that scarcity creates value is essentially the same as saying 'value creates value.' It’s redundant because the concept of scarcity already presupposes that the item has value due to existing demand.
Published at
2024-09-25 11:58:44Event JSON
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"content": "Saying 'scarcity creates value' is a circular argument. Since scarcity means that demand exceeds supply, and demand implies value, stating that scarcity creates value is essentially the same as saying 'value creates value.' It’s redundant because the concept of scarcity already presupposes that the item has value due to existing demand.https://m.primal.net/LBlO.png ",
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