![]() ![]() Tradable assets or ideas into patents is a matter of choice and legal accommodation, not scarcity. With respect to intangibles, the underlying “asset” is itself a product of the law. Rather the powers it conveys, is not scarce it can be applied to different claims andīe transposed from one asset to another. Good is secondary what matters is the legal coding. “stuff”, but about a legally enforceable claim to expected returns. ![]() Sense) can issue fiat money literally without limitation. States (at least states that are sovereign in the monetary Yet, the key resources that fuel economies are money and capital, It assumes that economics in general and markets in particularĪre primarily about the allocation of tangible goods, or “stuff” that exists only in "Modern economics is commonly defined as the study of the optimal allocation of 2.1 State Power, Private Power, Data Power. ![]()
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