June 22, 2012
Peak Bounce

Another day, another attempt at stating basic economics. So, slowly this time: demand goes up, price goes up. High prices mean high profits, which attract Clever Greedy Bastards (CGB). CGB innovate, existing producers increase production, supply increases. Supply increases, prices fall. Sun rises, sun sets, sky is blue, these are things only a fanatic would argue about.

Oh, wait...

Posted by scott at June 22, 2012 03:08 PM

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