3 ms·
Ah, the "spherical chicken" argument. Something has to limit demand, as there is not unlimited supply. If prices are not allowed to rise to where demand slows
by ctdonath 11y ago
Ah, the "spherical chicken" argument.
Something has to limit demand, as there is not unlimited supply. If prices are not allowed to rise to where demand slows (to a fair and equal exchange of value), and nothing else increase the cost of acquisition (awaiting queues, covenants/agreements, paperwork, background checks, etc), then the only way to limit demand on a limited supply is simply running out of supply.
Price controls don't work. They may not completely destroy the supply, but they will at least debilitate it, functioning in a way many come to accept as normal - not realizing the resulting damage.
- slantaclaus 11y agoUpvoted after reading first sentence because "spherical chicken argument"