The Witcher Conjecture

…and why it matters.

If demand for Cheeto’s goes up 10%, do Frito-Lay put up the price by 10% or do they make 10% more Cheetohs?

Duh… they make 10% more Cheetohs.

Higher capital equipment utilisation and economies of scale mean the price of Cheetohs goes DOWN.

Neo-liberal economists will tell you that demand does not create its own supply but we can see, empirically, that it does.

Obviously there are real resource limits but money itself is never a limiting factor.

Fiat currency governments spend their own money unit into existence.

Anything we have the people and things to do, we can do.