Alongside supply, subjective value is one of the biggest factors in determining prices. High prices indicate low supply but high demand. Low prices indicate high supply but low demand. Prices are not just arbitrary numbers slapped on commodities, but indicators about them when it comes to allocation of resources. This is why price controls are such a dangerous concept. They distort economic calculation, resulting in it becoming impossible to identify which items are more popular, have surpluses, or have shortages, resulting in confusion over whether to spend or save money. image #Agorism #Agorist #AnCap #Libertarian #Libertarianism #Antistate #AustrianEconomics #AustrianSchool #CarlMenger #Menger #SubjectiveValue #MarginalUtility #TimePreference #SupplyAndDemand #ElasticityOfDemand #EconomiesOfScale #Individualism #Scarcity #FreeMarket #FreeTrade
After MTG's resignation, Massie's the only real one in Congress now.
Don't watch this before or while eating! #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Zap #Laughstr #Jokestr #Prankstr #Pranks #LOL #Comedy #Funny #TryNotToLaugh #Video #Videostr
Make it make sense. #Memes #Memestr #DankMemes #NostrMeme #NostrMemes #Nostr #Zap #Laughstr #Jokestr #LOL #Comedy #Funny #Video #Videostr
Happy Saturday everyone! I'm looking forward to Thanksgiving next week, how about you? A Thanksgiving without mac and cheese is a disgrace in my opinion. #Agorism #Agorist #AnCap #Libertarian #Libertarianism #Antistate #AustrianEconomics #AustrianSchool #Misesian #Hoppean #Individualism #Video #Videostr
Zap if you agree that Israel has lost its right to exist. image #Agorism #Agorist #Libertarian #Antistate #Antiwar #MilitaryIndustrialComplex #Genocide #FreePalestine #StandWithPalestine #Israel #ZOG #AIPAC #AmericaFirst
I can already hear the sounds of my co-op in this picture! image #Agorism #Agorist #LeftLibertarian #Libertarian #Antistate #Antipolitics #Antiwar #Mutualism #MutualAid #MutualFund #CoOp #MarketAnarchism #MarketAnarchist #GreyMarkets #BlackMarkets #Homesteading #AdversePossession #SquattersRights #Agora #Anarchy #Action #A3 #SEKIII #Bitcoin #Monero
Why minimum wage should be abolished. Source: @Ancap_doggo, X #AnCap #Libertarian #Antistate #AustrianEconomics #FreeMarket #Market #FreeTrade #Trading #VoluntaryExchange #Exchange #UnintendedConsequences #FreedomOfAssociation #Contract #MinimumWage #Wages #Labor #LaborRights #Scarcity #Employment #Video #Videostr
No private ownership of production = No exchange No exchange = No prices No prices = No economic calculation No economic calculation = Central planning Central planning = Demand goes unmet image #Agorism #Agorist #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #SupplySideEconomics #LudwigvonMises #Mises #FAHayek #Hayek #FreeMarket #Market #FreeTrade #Trading #Decentralization #Decentralized
Why taxing the rich isn't the solution you think it is. Source: @Ancap_doggo, X #AnCap #Libertarian #Antistate #AustrianEconomics #AustrianSchool #FreeMarket #Capital #ConsumerNeeds #Goods #Prices #SecondOrder #ThirdOrder #PurchasingPower #Incentives #EndTheFed #TaxIncidence #TaxationIsTheft #TaxTheRich #Video #Videostr