The free market is excellent at producing, at a reasonable cost, myriad voluntary luxuries like large televisions and speedy cars. These prices are naturally constrained by the consumers’ willingness to do-without. When the consumer cannot rationally choose to do-without, the elegant self-regulation intrinsic to the free market evaporates.
So well worded. I struggle to get this concept out when discussing the concern about grocery prices and why homesteading / community gardens are the only protection we can reasonably have right now
The free market is excellent at producing, at a reasonable cost, myriad voluntary luxuries like large televisions and speedy cars. These prices are naturally constrained by the consumers’ willingness to do-without. When the consumer cannot rationally choose to do-without, the elegant self-regulation intrinsic to the free market evaporates.
So well worded. I struggle to get this concept out when discussing the concern about grocery prices and why homesteading / community gardens are the only protection we can reasonably have right now