Articles tagged with: Shortages

28 September 2014

No 'Shortages' in Market Economies

Author: Richard L. Aboulafia, Drawn From: World Military & Civil Aircraft Briefing

"It's a beautiful thing, the destruction of words." That chilling quote is from a character in George Orwell's 1984. As someone who likes to write, I usually disagree with that sentiment. But every so often, a word merits destruction. It's time to destroy (or at least avoid) the word "shortage." Shortages are a serious problem...if you are living in the old Soviet Union. "Comrades," they'd say, "the minister in charge of APU factories has failed to meet his quota. Due to the shortage of APUs, aircraft production is off by 25%. We will airbrush him out of all Politburo photos, and send his widow a bill for the bullet."

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