HP3000-L Archives

August 2005, Week 5

HP3000-L@RAVEN.UTC.EDU

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From:
Wirt Atmar <[log in to unmask]>
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Date:
Wed, 31 Aug 2005 16:53:18 EDT
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John writes:

> Wirt, I understand supply and demand, but I take exception to your
>  assumption that "They automatically ration the commodity to its most
>  important uses." They are truly rationed to those that can afford it
>  regardless of rather it is for the most important uses.

Dollar value is precisely the mechanism by which society determines the
"importance" of an item or service. It's why we pay Jay Leno so much and school
teachers so little.

Wirt Atmar

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