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Response to yonder (Reply #7)

Mon Jul 2, 2018, 04:55 AM

10. Yonder, that's not an original thought

He was quoting "Say's Law," which is not only the stupidest law of economics but was proposed by possibly the most idiotic economist on the face of the earth. I like to think of it as the "Field of Dreams" school of economic theory - build it and they will come. A feller has to wonder though, if I build it and they will come, will they come if I build a restaurant serving only liver and onion sandwiches topped with melted limburger?

It gets better: According to Say, a surplus of one good can only be explained by a shortage of another. So...the fact that only 50 of the 100,000 pairs of purple Ivanka Trump pumps that were made have sold can only mean there is a shortage of some other style of shoe, and has nothing to do with the theory that the shoes aren't selling because no one likes them.

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Replies to this discussion thread
Arrow 13 replies Author Time Post
EarthFirst Jul 2018 OP
Wellstone ruled Jul 2018 #1
alwaysinasnit Jul 2018 #2
rickford66 Jul 2018 #3
RandomAccess Jul 2018 #4
yonder Jul 2018 #7
RandomAccess Jul 2018 #8
LineLineLineNew Reply Yonder, that's not an original thought
jmowreader Jul 2018 #10
yonder Jul 2018 #13
Sophia4 Jul 2018 #5
unblock Jul 2018 #6
Thunderbeast Jul 2018 #9
smirkymonkey Jul 2018 #11
Uncle Joe Jul 2018 #12
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