Re:Tech bubbles are bursting all over the place
by imtringued on Friday May 13, 2022 @07:34PM
(#31373650)
That is illogical. Money-less economic models are unable to predict structural unemployment. In fact Say's law predicts that a theoretical barter economy is always at full employment.
Of course the modeling flaw is that money is saved as a goal in itself so it will cease to circulate at some point which is the real source of unemployment.
In other words you can’t keep the party going forever and how things are now isn’t an excuse for irresponsibility.