vlada on Nostr: Imagine the worst piece of shit person you can. Imagine this person stacked up on ...
Imagine the worst piece of shit person you can. Imagine this person stacked up on water bottles and medical supplies while they were on sale and spent his time waiting for a disaster to happen.
Disaster strikes. Who's there? Why, it's the evil price gouger looking to secure a profit, selling his wares at a 500% markup. People will have to spend more money to secure scarce resources now.
Is this evil? Well, consider FEMA for a second. Government agencies ensure supplies always come in late. They are not interested in profit, they are interested in ticking boxes.
Real economics describes reality. Keynesians will have you believe it is possible to cast illusions. Such an approach always leads to tragedy.
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages” -A. Smith
Disaster strikes. Who's there? Why, it's the evil price gouger looking to secure a profit, selling his wares at a 500% markup. People will have to spend more money to secure scarce resources now.
Is this evil? Well, consider FEMA for a second. Government agencies ensure supplies always come in late. They are not interested in profit, they are interested in ticking boxes.
Real economics describes reality. Keynesians will have you believe it is possible to cast illusions. Such an approach always leads to tragedy.
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages” -A. Smith