Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question.
Jeffrey TuckerRelated topics
beer causing demand economics education enough find food gas good hand limited making market mess point policy price principle question regulation sector service should something state supply transportation use way working daycareRelated quotes
I find it expressed in various passages of Scripture that the fact that God knows things while in a state of possibility, when their existence belongs to the future, does not change the nature of the possible in any way; that nature remains unchanged; and the knowledge of the realisation of one of several possibilities does not yet effect that realisation. This is likewise one of the fundamental principles of the Law of Moses concerning which there is no doubt nor any dispute.
Maimonides
Women should be permitted to volunteer for non-combat service, [...] We have no real way of knowing whether the kinds of training that teach men both courage and restraint would be adaptable to women or effective in a crisis. But the evidence of history and comparative studies of other species suggest that women as a fighting body might be far less amenable to the rules that prevent war from becoming a massacre and, with the use of modern weapons, that protect the survival of all humanity. That is what I meant by saying that women in combat might be too fierce.
Margaret Mead
I now say that the world has the technology – either available or well advanced in the research pipeline – to feed on a sustainable basis a population of 10 billion people. The more pertinent question today is whether farmers and ranchers will be permitted to use this new technology? While the affluent nations can certainly afford to adopt ultra low-risk positions, and pay more for food produced by the so-called "organic” methods, the one billion chronically undernourished people of the low income, food-deficit nations cannot.
Norman Borlaug
[T]he mass-man sees in the State an anonymous power, and feeling himself, like it, anonymous, he believes that the State is something of his own. Suppose that in the public life of a country some difficulty, conflict, or problem presents itself, the mass-man will tend to demand that the State intervene immediately and undertake a solution directly with its immense and unassailable resources. This is the gravest danger that to-day threatens civilisation: State intervention; the absorption of all spontaneous social effort by the State.
José Ortega y Gasset
[On how she goes about trying to live authentically] Well really listening to my point of view and if I am on a set, say, that doesn't really value a woman's point of view, regardless of how they feel, continuing to give my point of view and try to find a way to be heard and not diminishing myself because other people are diminishing me. Because that, I think, is the worst temptation - that, you know, you judge yourself by how others are judging you, and to fall into that trap is to walk into the realm of self-annihilation.
Jennifer Beals
