The Law of Necessity
https://mises.org/power-market/law-necessity
By Jekaterina Liachovic
> No matter how “inelastic” the demand, excessively high prices cannot persist indefinitely without human action.
I had never heard of this law before. The idea's pretty straightforward, though, if a bit arbitrary.

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The Law of Necessity \ stacker news
By Jekaterina Liachovic No matter how “inelastic” the demand, excessively high prices cannot persist indefinitely without human action. I had n...

