/sci/ - Science & Math

Rothbardian reporting in

>>2516973

sounds like there is an austrian itt

>>2368096
That's true we should refer to them as idiots with no concept of economics.

Money will never become obsolete in modern economies. A medium of exchange is a prerequisite to all modern economies with a large structure of production. So no, money will always be around. The underlying fallacy I see in OP's post is the assumption that there is only a fixed amount of work to be done, which isn't true. Labor saving machines don't "destroy" work, the people are only reallocated to other needs. In a healthy free-market economy real wages rise precisely because of the labor saving machines. They're the reason we all get the shit we want cheap and thus our standard of living goes up. No need to switch to communism. The unhampered market works fine.