Adrian Stott wrote: > > 2. Where a consumer consumes a product in limited supply (such as > moorings), then it is reasonable for him to pay the market-clearing > price for it. Usually, if that price is higher than the cost of > providing additional supply, that supply will be created. For > moorings, the cost of providing additional ones is actually rather > high, as BW found when it created the basin at Llangollen.
He's back. Whoever was impersonating Adrian for the last few months, and posting interesting and sensible stuff instead of utterly discredited and hopelessly out of date economic dogma has gone and the real Adrian is back. Still, it's good to see that letting the market do it's thing has worked so well for HBOS - to name but one.
