bitcoinbadger on Nostr: So much wrong here...via el gato malo ==== at the risk of bastardizing thomas sowell ...

So much wrong here...via el gato malo

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at the risk of bastardizing thomas sowell

the first law of economics is resource scarcity. there is never enough stuff to give everyone everything they want.

the first law of politics is "ignore the first law of economics."

price is a means of allocation and a signal to make more of things people suddenly want.

when you break that signal in times of high demand, you get shortages.

this will be no different.

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https://boriquagato.substack.com/p/deregulating-barn-raising-fixes-this