3 ms·
As I heard an economist say once: "The best cure for high prices is high prices."
by gadders 8y ago
As I heard an economist say once:
"The best cure for high prices is high prices."
- cestith 8y agoAs a Houston resident who hears a lot of news about oil prices and demand for goods from the extraction support industries, there's evidence of this every day. Not everyone grasps self-limiting cycles and feedback signals at first. I like to point them to this old proverb about the Mullah Nasrudin. http://voetica.com/voetica.php?collection=4&poet=706&poem=3443 http://voetica.com/voetica.php?collection=4&poet=706&poem=34...