The Law of Supply:
Other Things Equal
Quantity Supplied Rises
When the Price Rises
The Law of Demand:
Other Things Equal
Quantity Demanded Falls
When the Price Rises
On Comparative Advantage:
Yes, Trade Creates Wealth.
Costs Will Fall while Incomes Rise
When We Specialize.
Special thanks to Scott Barton for the first line of the Supply and Demand Haikus, which allowed me to get the “all else equal” condition in there.
{ 7 comments }
Other things equal
Quantitative easing now
Only ends in tears.
Cold SPAM canapes
Served up by John Belushi-
Martha Stewart’s Hell!
oops, wrong Haiku
Here are some Hayeku’s (that’s correct, not Haiku’s, but Hayeku’s) copied from CafeHayek.
Why do we pretend
That “mandatory” spending
Is mandatory?
How little we know
how much we think that we know
Ignorance is bliss
Aggregate demand:
It’s economics without
Imagination
State of the Union?
Applause lines planned in advance
Are not emergent.
In a Keynes Haiku,
Syllables can be nonsense.
Just so there’s enough.
Deficit spending
Isn’t a problem for Keynes.
Tomorrow we’re dead.
Fannie and Freddie
Private Gains. Public losses.
Whose idea was that?
Unspent TARP succeeds?
Borrowed cash bought WHAT again?
Assets in a sling.
“Macro explains all?”
It sure can’t tell me how to
Build a cheap pencil.
Government bailouts
Are for rich bankers only
Not a free market
Lady Liberty
Was more beautiful without
A Bush and B.O.
Sorry for the lewd subject matter.
I’m not lazy
I’m gainfully unemployed
By the government
Alright I’m done.
Thanks for the fun, Art!
Elinor Ostrom
is right, let communities
manage their commons.
TT
I know this is off topic, but does the person who posts the blog also moderate it? If he or she disagrees with a riposte on Mises, can he or she delete the riposte?
Comments on this entry are closed.