Monetarists ignore the most basic of economic truths that all demand is a function of supply first.
FORBES: The Comical, Central Planning Fantasy That Is 'Market' Monetarism
So, is the spike in commodities strictly a function of supply and demand?
FORBES: After The Gold Rush -- Commodities Prices: Why So High?
But is the recent gyration in oil prices a function of supply and demand or is it a sudden rush in or out of commodity index funds?
Colleges will squawk that this exercise is unfair, since a worker's income is as much a function of supply and demand or mere chance as of a sheepskin.
Two schools: One is saying that the spike is the result of excessive speculation while the other holds the more traditional position that the increase is a function of supply and demand.
FORBES: Snowy Roads Aren't Putting a Damper on High Gas Prices
Long-term natural gas prices are predicted to increase as a function of both supply and demand fundamentals.
FORBES: LNG Export Economics: A Look At Frontrunner Cheniere
But the spread between the price of the raw material and the price of the finished good is a function of the supply of ethylene-making capacity and the demand for ethylene.
The ability of the candlestick maker to demand cake from the baker is a function of his ability to supply candles to trade.
This points out a fundamental fact that is key when considering the solution to our current woes: in modern, developed capitalist economies, recessions are not a function of the nation being unable to supply the goods and services desired by consumers.
FORBES: The Great Recession: How We Got Here (and How to Get Out)
As with any excise tax, the amount of revenue a weed tax could generate is a function of four big things: The tax rate, supply, demand, and price.
FORBES: Dude, Would Legalizing And Taxing Weed Solve Our Budget Woes?
In other words, although Anderson saw, as Keynesians did not, that interest rates are a function of economic growth, he also saw, as some modern supply siders do not, that interest rates are not identical to economic growth.
If this cataclysm was at the same time a function of currencies, tax rates and incentives, trade laws and the other elements of the supply-side catechism, then we ought to have heard more of it.
应用推荐