The Law of Supply and Demand In One Venn Diagram

No one expects consistency from a liberal. Why? Here is just one example: liberals recognize the law of supply of demand, or not, at will, based not on logic but on ideological preferences. Coyote Blog illustrates the point amusingly with this Venn diagram, which has the added virtue of ridiculing Paul Krugman. Click to enlarge:

economics_venn1

Responses