To the extent prices are fixed below market, consumers bid with time to clear markets instead. As everyone has the same 24-hour day, this is the true egalitarian dream. Some people really would prefer to live in a society where everyone is equally poor, rather than some rich and others much richer.
And who are we to criticize those who prefer the comradeship of poverty? Except that it can only be realized through force and fraud...
To the extent prices are fixed below market, consumers bid with time to clear markets instead. As everyone has the same 24-hour day, this is the true egalitarian dream. Some people really would prefer to live in a society where everyone is equally poor, rather than some rich and others much richer.
ReplyDeleteAnd who are we to criticize those who prefer the comradeship of poverty? Except that it can only be realized through force and fraud...