When Kids Ask: Why Is there No Toilet Paper?
“In economic terms, shortages in the wake of the coronavirus, or a hurricane, or even seats at a Led Zeppelin reunion, are similar things. In each case, rising prices aren’t the problem. The problem is that people want more of something than what exists. Rising prices are a response to this reality—a response that incents buyers to buy judiciously, and sellers to rush more product to market.”
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