'Almost no one saw it coming'*
*apart from everyone who's libertarian, who's read Austrian economics, or who's invested in crypto https://t.co/5v2ITFvoB8
— Geoffrey Miller (@primalpoly) November 19, 2021
Mass Production Equals Mass Consumption
[R]elative shares in national income have remained substantially constant over the last hundred years. This, however, is true only if we measure them in money. Measured in real terms, relative shares have substantially changed in favor of the lower income groups. This...