bobbyw24
09-16-2011, 04:09 AM
Debt and Debt Maintenance: Why American Households Are Not in Big Trouble
by Gary North
There is no more fundamental law of economics than this one: When the price of something falls, more of it is demanded.
This is illustrated by a demand curve. The demand curve slopes downward and to the right. The higher the price, the less is demanded. The lower the price, the more is demanded.
http://lewrockwell.com/north/8488a.gif
Are you with me so far? Good. Let's continue.
http://lewrockwell.com/north/north1034.html
by Gary North
There is no more fundamental law of economics than this one: When the price of something falls, more of it is demanded.
This is illustrated by a demand curve. The demand curve slopes downward and to the right. The higher the price, the less is demanded. The lower the price, the more is demanded.
http://lewrockwell.com/north/8488a.gif
Are you with me so far? Good. Let's continue.
http://lewrockwell.com/north/north1034.html