Quote:
"While no consumers like price increases, in fact, price increases lower demand and help make the shortage shorter-lived than it otherwise would have been," FTC Chairman Deborah Platt Majoras told the hearing.
"That's an astounding theory of consumer protection," replied Sen. Ron Wyden (news, bio, voting record), D-Ore.
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Hey! Alright!
We could apply this theory to the problem of America's overweight people... raise food prices to lower demand i.e. people eat less....
Problem solved! Nifty!
