Sunday, November 20, 2011

Rationizing under the Price System ( November 18th, 2011)

  • How does it channel competition?
  • Destructive
  • Market economy to give goods to people. There would have been no advantage from the producers to the apples.
  • Rights cannot because duties and strive as someone you don't want to be.
  • Once a universal bureaucracy, you cannot understand how it will impact providers. If people want more, how will you bring "more" to everyone.
  • Provide the care? No, the opposite. No investments on diagnostics and medical beds based upon that. Figured out to find the supply as there is an increase ind demand. 
  • Right on ration, you allow people to do what they would possibly do to obtain a good.
  • You don't have to ask in order for people to run on incentives.
  • There is no vaccine policeman; we can allocate our resources ourselves.
  • Moral succession does not work in society. Cheating on his exam to take the exam earlier to give it to another is to have the opportunity to get an A. Big mistake.
  • Reallocation of the resources; without the price system, there is no way (signal) to demonstrate how to know who needs the water more than anyone else.
  • Low demand where Ive live, high demand elsewhere to get them to gain from transaction.
  • Somebody else values it more than now than before, morally bankrupt idea.
  • Banning kidneys, black market is 100,000 more.
  • What should determine who gets that is the safety net institutions.
  • Rich and poor are no alike
    • Inequality is greater today than WW1
    • Is it possible to make health care independent?
    • Is it always desirable?
      • Why do people insit on talking about it?
  • Rationalizing mechanisms and the advantages people retain when done to a price system?
 Importance of Money:
Exchanges the transaction
Leizure and the time lost
The double coincidence of wants
1/10th of a Guitar for a concert ticket.

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