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> So was the law of gravity, but gravity still ruled their lives. I expected a better response from you. > The Law of Supply and Demand applies to all economi
by PaulDavisThe1st 2y ago
> So was the law of gravity, but gravity still ruled their lives.
I expected a better response from you.
> The Law of Supply and Demand applies to all economic systems.
False. Well, false for some well known versions of whatever "the law of supply and demand" is.
There are all kinds of reasons why the retail cost of goods are not an inverse linear function of their supply; ditto for the retail cost of labor.
Why do you feel this need to reduce complex systems to vapid platitudes?