4 ms·
It really doesn't, that's a crazy reach to make.
by achierius 2y ago
It really doesn't, that's a crazy reach to make.
- WalterBright 2y agoThe LoS&D is always in play. In this case, entrepreneurs are always looking for a higher margin business. The effect of this is to lower those margins. Nothing "crazy" about it. The "unintended side effects" of government policies are nearly always the result of ignoring the LoS&D or pretending it doesn't exist.
- marcosdumay 2y agoThe amount of things the "law" of supply and demand predicts is literally zero.
- WalterBright 2y agoYou obey it yourself. Have you ever bought anything that was on sale? Have you ever negotiated a price?
- marcosdumay 2y agoA "law" that predicts nothing? Yeah, pretty sure I obey it exactly. Supply and demand is a framework you can use to write your hypothesis in. It's not a law that predicts things.
- WalterBright 2y agoThe reason collectivism fails every time is because they believe that the LoS&D does not exist.