What is Nostr?
Roger BW 😷 /
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2023-09-20 08:48:55
in reply to nevent1q…cjsc

Roger BW 😷 on Nostr: npub1fzx00…wt6h3 This is basically the allocation of scarce resources problem. Say ...

npub1fzx00c36ny4whyuhg4ykx6987wxp885fmwmc784n27qcu6pavwzs3wt6h3 (npub1fzx…t6h3) This is basically the allocation of scarce resources problem. Say you have ten rooms. Off season, 8 people want them, no problem. In the high season, 20 people want them. How do you (collectively) decide who gets each?
Capitalism says "let the price rise until only 10 people are prepared to pay". It's not a great procedure but it reliably gives you an answer.
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