Economic problems tied to lack of demand

The Island Now

Numerous words figure into a discussion of the economy such as conservation, preservation and management. One aspect regarding usage is fuel economy: getting the biggest bang for the buck and not wasting the resources that are available. 

Another is supply and demand, which is more a matter of management. Having supply accurately equal demadn is most important when it concerns perishables such as fresh food.

Supply is and has been meeting demand. We have no shortages of essentials to speak of and I venture to say that this is true in most countries. If anyone disputes the foregoing, I can say more.

Nothing will stimulate (to use the popular term of today) the economy (okay, let’s call it economy) except demand. I will leave it at that for now. 

More often than necessary, interviews are conducted on the PBS News Hour with economists regarding today’s problems. “Let me see what they have to say this time,” I say to myself.

First, the moderator asks the dumb-dumb questionwith a pink-slime eating grin and then bang. Like the first horse out of the gate at Belmont Race Track the first words out of their mouths are – “I think” or “I believe.”

After all this time it is comical. It does not matter what one thinkgs or believes: only facts matter! Nothing worthwhile is ever said, if only has the value of gibberish. Certainly, the real issus are never addressed.

Again the economy is nothing more than supply and demand. The economists should be content with counting tomatoes and potatoes. If they are a tomato short, no doubt about it, an entrepreneur will come up with one. 

During the changes in Tunisia, many fled to Italy. Perhaps, Itality found something for many of them to do do. It is for sure that Italy produces a lot of tomatoes. They are available here and one brand has a 28-ounces can selling for 95 cents. They are good tomatoes too. 

Recently, I was given a container of dates imported from Tunisia by the Ziyard Brothers. Perhaps there are no shortages trhere there either. It is probably the same most everywhere and there are many out there helping Africa.

For the U.S.A. the need for a 40-hour week is long gone and never to return. The best idea I have heard is work sharing. I have heard no more about it. Maybe it was squelched. Only those who want to get wealthy riding the backs of others want to keep it as it is. No matter what, a new system will be devised.

 

Charles Samek

Mineola

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