A
Anthony William Sloman
Guest
On Monday, July 18, 2022 at 11:41:25 PM UTC+10, Phil Hobbs wrote:
<snip>
This is the right-wing nit-wit perception. Their idea is that the market always works perfectly, and any attempt to interfere with it\'s natural tendency to decline into market-fixing cartels is dangerously socialist.
âPeople of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.â
â Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
Clearly somebodie\'s conspiracy against the public hasn\'t gone as well as he had hoped.
--
Bill Sloman, Sydney
whit3rd wrote:
On Sunday, July 17, 2022 at 8:29:06 PM UTC-7, jla...@highlandsniptechnology.com wrote:
On Mon, 18 Jul 2022 09:38:40 +1000, Clifford Heath <no_...@please.net> wrote:
On 17/7/22 23:52, jla...@highlandsniptechnology.com wrote:
On Sun, 17 Jul 2022 18:00:46 +1000, Clifford Heath
<snip>
Supply AND demand; you can\'t just look at one half of the equation.
You\'re leaving out our main problem, which is wholesale distortion of
markets by governments, both by money-printing and by intentionally
destructive regulations.
This is the right-wing nit-wit perception. Their idea is that the market always works perfectly, and any attempt to interfere with it\'s natural tendency to decline into market-fixing cartels is dangerously socialist.
You\'re also thinking down at DC, where there\'s an equilibrium that can
be tweaked slowly enough that things like inventory levels equilibrate
on their own.
The axe-swinging idiots that are running the show at the moment make sure that\'s not the case.
âPeople of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.â
â Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations
Clearly somebodie\'s conspiracy against the public hasn\'t gone as well as he had hoped.
--
Bill Sloman, Sydney