Here's a question: If there's a disaster, a war, a severe drought or
some other calamity that restricts future supplies of a commodity — such
as oil, coffee or corn — what is the intelligent thing for people to do
right away? If you said "use less now and try to produce more," you'd
be absolutely correct. That's not rocket science, but ... MOREWalter E Williams - Understanding Economics
Here's a question: If there's a disaster, a war, a severe drought or
some other calamity that restricts future supplies of a commodity — such
as oil, coffee or corn — what is the intelligent thing for people to do
right away? If you said "use less now and try to produce more," you'd
be absolutely correct. That's not rocket science, but ... MORE