Hacker News new | ask | show | jobs
by tuna-piano 3568 days ago
Of course this is more or less always true - there are only shortages or excesses of things when prices don't or can't adjust freely.

If there was 1 gallon of water left on earth, Bill gates would buy that gallon for $50 billion, and everyone else would die of dehydration.

There has always been a shortage of maids willing to do all my house work for $10.

And there is a shortage of data engineers at $x, but there wouldn't be a shortage at $1M/year (because less companies would want one, and more people would be willing to do the work).

1 comments

> If there was 1 gallon of water left on earth, Bill gates would buy that gallon for $50 billion, and everyone else would die of dehydration.

really? who would sell the last gallon of water on earth?

Someone with a bunch of hydrogen, oxygen and a rudimentary knowledge of chemistry.
someone with liquid assets. I'll get my coat...
Someone who just drank the last 2nd last gallon. ;)
and what would he use the money for :)?
bullets =)
all the bullets would have been fired by then.
If they needed water to prime the last pump on earth?
Disney would.