Why speed of production matters? @tylercowen
1) Status quo is terrible
2) Nominal interest rates are high
3) Signals urgency
4) Frontier people will go to the places where speed is possible
5) Quicker recontracting clears up logjams & updates prices
https://marginalrevolution.com/marginalrevolution/2019/04/does-the-speed-of-production-matter.html …
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I’ll add that speed of production matters because it demonstrates the possible, inspires competitive creativity, catalyzes innovation, and gives hope for progress. As
@danwwang argues, definite optimism is a form of human capital. https://danwang.co/definite-optimism-as-human-capital/ …Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
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