Hacker News new | ask | show | jobs
by amiune 2311 days ago
That's not a false economy, that's the only economy that started since it's inception. Information asymmetry and game theory talks a lot about it
2 comments

Yep. That's a 100 years of Edward Bernays.

https://en.wikipedia.org/wiki/Edward_Bernays

That's the guy who started it all.

Yeah, the entire ads industry exists because of information asymmetry, but what is new is how bad actors are using technology in these imperfect markets to abuse it.