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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (558899)4/5/2010 4:12:20 PM
From: combjelly  Read Replies (1) | Respond to of 1576761
 
"The only way that price can play a role in "rationing" is if one entity (e.g. monopoly or trust) controls the supply."

Not even vaguely true.

In economics, it is often common to use the word "rationing" to refer to one of the roles that prices play in markets, while rationing (as the word is usually used) is called "non-price rationing". Using prices to ration means that those with the most money (or other assets) and who want a product the most are first to receive it. Such rationing happens daily in a market economy. Non-price rationing follows other principles of distribution. Below, we discuss only the latter, dropping the "non-price" qualifier, to refer only to marketing done by an authority of some sort (often the government).

en.wikipedia.org

"When it comes to ObamaCare, government is going to become that entity."

Why the over the top rhetoric?