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bigMouthCommie ,
@bigMouthCommie@kolektiva.social avatar

here's an unpopular opinion in basically every circle: supply and demand is a meaningless tautology in its only "useful" form.

it is a post-hoc explanation for price discovery, but it lacks all predictive value. as scientific theories go, it's widely debunked and discredited, and lacks all predictive value. i would go so far as to say there is no economic theory that is more than post-hoc explanation and, so economic theory is indistinguishable from storytelling.

i agree with the thrust of the position that landlords are leeches. i would never try to use an quantifying economic theory to justify that.

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