Baconing The Question
Economics and bringing home the bacon.
So I’m reading this post by D at Cafe Hayek and come across this bit –
Market prices are not arbitrary. Prices are determined by the forces that economists comprehend with the theory of supply and demand. An attempt by government to change a price or wage from what that price or wage would be without government price controls at best masks the true price or wage – in the way that dressing up a woman to look like a man at best changes the woman’s outward appearance without altering her chromosomes. (Many proponents of minimum wages and other price controls – those proponents who deny that such price controls generate negative effects – are victims of the primitive superstition that the superficial appearance of something is the essence of that something.)
I walk over to my wife who is frying bacon and ask her, “Does this make people like Bruce Jenner a price control on the sexual/marriage marketplace?” A book in the 90s about dating and relationships called The Code¹ defined a false economy as “RuPaul.”
While thinking all this, my wife is lifting the first piece of bacon out of the skillet, and I ask her “Is it still hot?” She patiently points out that she’s taking it out of the skillet right now, so of course it’s hot. We both decided that I can’t process simple things while simultaneously pondering such things as economics.
Side note –
Bonus round – A Hayek Outside The Cafe
Example of comments by Stage Three people.
¹ A parody of The Rules
Posted on August 11, 2015, in Economic$ and tagged cafe hayek, economics. Bookmark the permalink. Leave a comment.
Leave a comment