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>the laws of nature, such as supply and demand. This has got to be satire, right?
by occz 5y ago
>the laws of nature, such as supply and demand.
This has got to be satire, right?
- 988747 5y agoIt is actually not. Basic laws of economy are much like the laws of physics: they work the same whether you believe in them or not. Trying to circumvent them with legislation such as rent control leads to various second order effects. For rent control that means limited supply and worse quality of the available apartments. Also: people unwilling to move, occupying apartments much too big for them, just because they are rent-controlled.
- occz 5y agoI know that the observable properties of economic systems happen regardless of belief. It's just seriously strange to equate them with 'laws of nature'. Next thing you know someone is going to call something like the law of demeter a law of nature. Just sort of absurd, really.