Showing posts with label The serious consequences of "supply and demand" in China. Show all posts
Showing posts with label The serious consequences of "supply and demand" in China. Show all posts



0digg
The natural reaction of a farmer to an increase in the price of a crop is to plant more of it for the following year. Supply and demand.

The difficulty comes in realising that you are not the only one thinking the same thing - the result is price bubbles leading to price crashes.