August 03, 2007

Repeat After Me

There has never been a situation in which the coerced manipulation of price or demand has resulted in net positive economic results.

Every single attempt has lead to either shortages or gluts of products or services. This means either increases in prices above market or prices below market. Stagnate pricing causes over or under consumption and reduces the pressure, incentive, and resource availability for improved production techniques and technological advances.

Never, ever, ever.

Perhaps more on what inspired this rant another time.

Posted by Flibbertigibbet at August 3, 2007 03:37 PM | TrackBack
Comments

Oh thank you for ranting because I've got a rant built up in me about those letters, too, but you've said it quite nicely and now I can go about my business. For the time being.

Posted by: Rational Jenn at August 3, 2007 04:22 PM
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