In response to:

Understanding Economics

tibby2 Wrote: Sep 26, 2012 10:38 AM
WWII was a two-ocean war that reached the far-flung places of earth. It was a more massive a scale then what many realize.
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.

The best way to get people to use less and produce more is to allow prices to rise. For example, say a...