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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (47994)	2/6/2008 3:08:27 AM
From: Cogito	Read Replies (1) \| Respond to of 541416

>>She's right. If the oil supply is restricted you should get higher prices not lines, maybe a bit of lines as things adjust, and esp. because everyone gets concerned and tries to fill up all at once, but the lines shouldn't last very long (in a matter of days or at most a few weeks they should be history). The reason why you had lines for longer than that was because of price controls. Since you couldn't get rationing by price you got rationing by queue.<< Tim - You know, despite your apparent faith in their ability to solve all problems, markets aren't magic. If there isn't enough of something, some people will have to go without, and there will be lines. We see that all the time with the release of new video game machines and whatnot. People stand in lines, and not everybody gets one. Yes, higher prices are another result of supply/demand imbalances, but not always the only one. - Allen