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Episode #082 ... Austrians and Marx

Philosophize This!

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The Price System Delivers a Wealth of Information to Consumers

The price system automatically sends the message to the people that matter, the consumers interested in consuming things made out of tin. In this case, tin farmers start to charge more for their tin. And when a consumer goes to the super mark and has to choose between tinfoil and aluminium foil, they don't even need to know why there's a tin shortage. Price is a pur or of information. Um again, much more austrian stuff to come. Stuff we talked about to day are the things most relevant to marks. I hope guys love to show and that you have some food for thought this week. Thank you for listening.

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