The best way to get people to use less and produce more is to allow prices to rise. For example, say a...
I wish that our kids, our neighbors and elected officials could all spend time learning from Dr. Williams and studying all of those great you tube videos featuring the late Milton Friedman. The knowledge contained therein on politics, economics and liberty are priceless. If we make that wrong turn into unbridled socialism, these jewels of education will certainly be banned, instead of being learned and embraced. Thank you, Dr. Williams...another terrific gem of an article.
Here's a question: If there's a disaster, a war, a severe drought or some other calamity that restricts future supplies of a commodity -- such as oil, coffee or corn -- what is the intelligent thing for people to do right away? If you said "use less now and try to produce more," you'd be absolutely correct. That's not rocket science, but understanding the machinery involved in getting people to do so is a bit more challenging.
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