1 Kings 4: 1-7
Luke 9: 10-17
I minored in Economics. Actually, that’s not entirely accurate – I was three credits away from a minor in Economics, but I chose to graduate a year early instead of incurring the cost of an entire semester to take the one course I would have needed to earn that minor. I thought that decision right there should have qualified me, but the tuition beneficiaries did not. (In fact, that’s probably what disqualified me – I didn’t create a model using overcomplicated words and oversimplified assumptions and failed to cite Keynes even once).
Regardless, I consider myself not unfamiliar with the dismal science, at least the micro parts of it. And thus I understand supply and demand. You draw curves on an axis; where they intersect, that’s the price. There’s a bit more nuance, but not much. When supply goes up or demand goes down, prices fall. When supply goes down or demand goes up, prices rise. We’re seeing that a lot recently. Supplies are decreased, due to war or labor shortages or boats getting stuck, and demand is increasing because people are back to work, back to school, and back to real life. They want to buy things, the things they want to buy are stuck on a truck or a boat or in a canal, and prices go up. It’s Adam Smith’s invisible hand.
You know who else has an invisible hand?
While you’re recovering from how masterfully I transitioned, I’ll tell you: It’s God. God’s invisible hand doesn’t move points along a curve, though. God rips the supply curve right off the axis and says, “Nope. We’re doing abundance.” You need some oil to pay your bills? Go get some vessels. You’ve got hungry listeners in a field? Bring me two fish. Water turns to wine and flows freely; with God, there are no bottlenecks.
— MeganPrestonMeyer
Luke 9: 10-17
I minored in Economics. Actually, that’s not entirely accurate – I was three credits away from a minor in Economics, but I chose to graduate a year early instead of incurring the cost of an entire semester to take the one course I would have needed to earn that minor. I thought that decision right there should have qualified me, but the tuition beneficiaries did not. (In fact, that’s probably what disqualified me – I didn’t create a model using overcomplicated words and oversimplified assumptions and failed to cite Keynes even once).
Regardless, I consider myself not unfamiliar with the dismal science, at least the micro parts of it. And thus I understand supply and demand. You draw curves on an axis; where they intersect, that’s the price. There’s a bit more nuance, but not much. When supply goes up or demand goes down, prices fall. When supply goes down or demand goes up, prices rise. We’re seeing that a lot recently. Supplies are decreased, due to war or labor shortages or boats getting stuck, and demand is increasing because people are back to work, back to school, and back to real life. They want to buy things, the things they want to buy are stuck on a truck or a boat or in a canal, and prices go up. It’s Adam Smith’s invisible hand.
You know who else has an invisible hand?
While you’re recovering from how masterfully I transitioned, I’ll tell you: It’s God. God’s invisible hand doesn’t move points along a curve, though. God rips the supply curve right off the axis and says, “Nope. We’re doing abundance.” You need some oil to pay your bills? Go get some vessels. You’ve got hungry listeners in a field? Bring me two fish. Water turns to wine and flows freely; with God, there are no bottlenecks.
— MeganPrestonMeyer
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