WSJ Clueless?

By April 14, 2020 No Comments

You would think that the Wall Street Journal would understand the laws of Supply and Demand.  But this article demonstrates how little truck people who should know better give to these Laws.

Sure, they’ve heard of them.  But they don’t really take them to heart.  They don’t grasp that these are natural laws, as unbreakable as gravity.  WSJ would never report an elderly person who fell, breaking their hip, and call gravity mean-spirited.  No, WSJ understands that gravity is an impersonal force.

But somehow they seem to think that Supply and Demand are optional concepts.  That supply, demand, and price are not actually locked in an unbreakable relationship, but subject to people’s moods, perhaps.