09-08-2017, 09:19 AM
(09-06-2017, 07:11 PM)Warren Dew Wrote: The error in your logic is that, like many on the left, you incorrectly assume that supply and demand are scalars rather than functions.
Frankly, I'm baffled by this comment. If there is an implication to this, please be a bit less opaque. I agree that supply can be lacking at times, but those times are both rare and often manufactured. Yes, we have shortages that shift pricing power to those with the remaining supplies. I was an adult when the 1973 oil embargo showed us how that works. But on the whole, as an advanced society we have access to more of everything than we need and even desire, so demand drives the economy not supply.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.