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> Markets are constructed by people, for purposes chosen by people — and people can change the rules. Economic law is immutable. There is no changing the law o
by gbacon 7y ago
> Markets are constructed by people, for purposes chosen by people — and people can change the rules.
Economic law is immutable. There is no changing the law of demand. Price caps will always create shortages and price floors gluts. Even Marx knew this and tried to paper over it with nonsense about historical determinism and the rise of the New Socialist Man.