Nick Rowe pwns Walras

This is epic funny:

God, but I hope nobody ever wants to buy unobtainium. I hope nobody even thinks about unobtainium. Who knows how desirable they might imagine unobtainium to be, and how much of their income they might want to spend on unobtainium? They might want to spend 100% of their income on unobtainium, so the excess supply of all the obtainable goods would be 100% of GDP. Nobody would be able to sell anything, if we let people’s imaginations get going. GDP would fall to zero.

This, kids, is why we don’t let technocrats who never examine the edge cases of their theories into positions of pow… er…


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anarchocapitalist agitprop

Be advised

I say fuck a lot



Statistics FTW


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