What is Scarcity and Why Does it Matter?
When you ask, “What is scarcity?” – you’re really asking a question about economics. Scarcity is an economic principle that basically says there aren’t enough resources to go around. In economics, the law of scarcity is like gravity – there’s no getting away from it. Scarcity influences everything equally, across the entire planet, for all of history. It’s kind of a big deal. But the real implications for us as young single men are not about global resources. Continue reading