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This is the point where I started skimming. It's obvious nonsense, unless you are talking about prices for information. The Information Age has indeed reduced the cost of getting data about, say, poverty rates, to a negligible level. Prices are information. More information means better, more uniform pricing. Remember renting a car at the airport without a reservation, or walking into a hotel to ask the rack rate? Ever checked a price on Amazon while standing in a Best Buy? Joy. They created joy. What did Shakespeare make? Bruce Lee? mk?information is corroding the market’s ability to form prices correctly. That is because markets are based on scarcity while information is abundant
what the fuck have FB, Twitter and Instagram ever made?