"John H" wrote in message
...
On Sat, 25 Jun 2005 14:58:56 GMT, "Doug Kanter"

wrote:

"P. Fritz" wrote in message
...


Black markets tend to develop when guvmints interfer with supply and
demand.....

A black market is just one example of an adjustment made in response to
an
unstable environment. War is another example of an unstable environment,
and
both have an effect on prices. Ask anyone who was an adult during the
2nd
world war.

In what way did they affect prices?

Once again........he fails to get it.....it has nothing to do with
"unstability" it has everything to do with supply and demand.

A black market is basic economic reaction to a guvmint restricting
supply.........the price on the "black market" is simply a reflection of the
ability of suppliers to meet the demand.......based on the risk involved.

War creates a higher demand, and often has a reduced supply because of
damage to production facilities.

The current Iraq conflict is not the reason demand has escalated, nor has
there been a major disruption in supply.



--
John H

"All decisions are the result of binary thinking."