29 March 2024

Econ 101

If you have to pass a law, issue an edict or create a regulation to make people purchase a good or service:

THERE IS NO REAL DEMAND FOR THAT GOOD OR SERVICE!

I say again:  When the market decides that it needs something, someone will provide it.

This is the invisible hand.

Government mandating that something be purchased isn't the market.

It disrupts the market and causes problems that radiate out like the tsunami from a volcanic explosion.

1 comment:

  1. Amen. I love econ101 stuff, the government on the other hand likes to manipulate the market. BobT

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