[raybbr]

Supply is down. Supply and demand set price in a free market, they balance based on pricing, or price responds to demand and supply, depending on how you look at it (it’s individuals making decisions on supply demand and pricing). The curve moves not just based on demand but also on supply. With the emphasis on Keynsian thinking in academia a lot of the brainwashed fools that are produced think only about demand and ignore supply in setting prices and economic activity.

Thanks for the insult.

In any case if demand and supply go down the curve goes down with it.

Are you arguing that if demand goes down and the supply goes down with it the prices will rise? Seriously?

[November 2010]

Are you arguing that if demand goes down and the supply goes down with it the prices will rise? Seriously?
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Look at your statement. You actually have to have quantities to do an analysis. We know the outcome. 10% rise in price. So we know your disbelief is counter-factual. Supply and demand have interacted to increase price in a recession. Just google “supply and demand” and read.