A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely. (Thomas Sowell)

A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely.

Thomas Sowell

Related topics

keeping lower price sign somebody

Related quotes

In Turkey, you're not allowed to be left alone in the hospital. The nurse teaches the family how to do things, and somebody is always there with the patient. View quote
Mehmet Oz
But a tax on luxuries would no other effect than to raise their price. It would fall wholly on the consumer, and could neither increase wages nor lower profits. View quote
David Ricardo
The Exclusion Principle is laid down purely for the benefit of the electrons themselves, who might be corrupted (and become dragons or demons) if allowed to associate too freely. View quote
Alan Turing
I feel no doubt whatever that the parish laws of England have contributed to raise the price of provisions and to lower the real price of labour. View quote
Thomas Malthus
Men are not allowed to think freely about chemistry and biology: why should they be allowed to think freely about political philosophy? View quote
Auguste Comte