Wednesday, June 18, 2008

Economics

Why do prices rise? Because demand is greater than supply. What happens when you keep a price from rising? Demand stays greater than supply. What happens when demand exceeds supply? You get a shortage.

A guy with a master’s in economics should know this stuff, so what other reasons would Mexican president Felipe Calderon have for orchestrating food price controls for the remainder of 2008? He doesn’t have to worry about reelection, since Mexican presidents are limited to one term. Maybe he thinks most Mexicans are getting too fat and this is his way of making sure they can’t find food as easily as before. If so, he’s doing a bang-up job.

In other news, future me gained access to a time machine and came back to tell current me what to expect. In three months we will all see a headline that reads, “Mexican Food Shortages Fuel Increase in Illegal Immigration.” (Other headlines coming soon to a newspaper near you include “Oprah Hears McCain’s Confession: ‘I’m sorry for using the “N”-word’” and “Thousands Mourn Obama; HRC Asks in Shock, ‘Why is everyone looking at me?’”.)

GustBuster sucks.

2 comments:

Cristin said...

Ha ha, yeah how can HRC expect to be VP when she makes comments like that about Obama.

Rachel Clare said...

I love economics... AND stupid presidents.

Gutbuster sucks