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It's "fair (market) price", not "fair market". > And the market, and economy, should serve the people. Not the people the market. This is a meaningless slogan
by zeroname 8y ago
It's "fair (market) price", not "fair market".
> And the market, and economy, should serve the people. Not the people the market.
This is a meaningless slogan. The market is the people. Demand reflects what people need. Supply reflects what people have to offer. Prices reflect their agreement.
- dredmorbius 8y agoAt this point in the game you should simply admit that whatever it is you're arguing has absolutely nothing to do with Adam Smith. Because it doesn't.
- zeroname 8y agoOkay, I'll admit that Zombie Adam Smith, as summoned by dredmorbius on HN, disagrees with me on what "fair market prices" are. I don't care.