Things that are always in demand don’t drive a price solely based on supply, and since people don’t act in their own best interest the actual demand of something can’t be a useful way to determine the value of a thing.
So that sort of says to me that with a truly free market economy, it would be just as impossible to model future prices because of the inherent unpredictability of humans.
Ah ok, I see the flaw in my thinking.
Things that are always in demand don’t drive a price solely based on supply, and since people don’t act in their own best interest the actual demand of something can’t be a useful way to determine the value of a thing.
So that sort of says to me that with a truly free market economy, it would be just as impossible to model future prices because of the inherent unpredictability of humans.