Comment 60663

By A Smith (anonymous) | Posted March 03, 2011 at 11:15:43 in reply to Comment 60635

drb >> Purposefully misrepresenting products as resources is dishonest and an unfair response to Tybalt's answer to your question.

I was trying to highlight an apples vs apples comparison (similar products, roads, health care) under two different allocation methods, free market prices vs government handouts.

In both cases, shortages are only produced when prices are not used as the method of allocation.

As long as anything (resources, consumer goods) that people buy is priced to match supply and demand, shortages will be short lived and rare.

Take jewelery for example. It's in very high demand amongst the female crowd and yet there are no shortages. This is not because there is a large supply of fine stones in the world, it's because they are allowed to be bought and sold at a price.



Permalink | Context

Events Calendar

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds