Quotes & Sayings About Supply And Demand

The universe is bigger than our egos and can supply more than our demand. — Joe Vitale

We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses. — Henry Hazlitt

Power, according to Hobbes, is the accumulated control that permits the individual to fix prices and regulate supply and demand in such a way that they contribute to his own advantage. The individual will consider his advantage in complete isolation, from the point of view of an absolute minority, so to speak; he will then realize that he can pursue and achieve his interest only with the help of some kind of majority. Therefore, if man is actually driven by nothing but his individual interests, desire for power must be the fundamental passion of man. It regulates the relations between individual and society, and all other ambitions as well, for riches, knowledge, and honor follow from it. — Hannah Arendt

It is not about what you like, it is about what life demands. It is the demand of life and you must supply it. — Sunday Adelaja

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange. — Robert A. Heinlein

If we would vote in mass on the more promising ticket, or, if the two are equally bad, would throw out the party that is in, and wait till the next election and then throw out the other party that is in - then, I say, the commercial politician would feel a demand for good government and he would supply it. — Lincoln Steffens

Look around you. Your world-hosts are all in mutiny, in confusion, destitution; on the eve of fiery wreck and madness! They will not march farther for you, on the sixpence a day and supply-demand principle; they will not; nor ought they, nor can they. Ye shall reduce them to order, begin reducing them. to order, to just subordination; noble loyalty in return for noble guidance. Their souls are driven nigh mad; let yours be sane and ever saner. — Thomas Carlyle

In my considered opinion, salary is payment for goods delivered and it must conform to the law of supply and demand. If, therefore, the fixed salary is a violation of this law - as, for instance, when I see two engineers leaving college together and both equally well trained and efficient, and one getting forty thousand while the other only earns two thousand , or when lawyers and hussars, possessing no special qualifications, are appointed directors of banks with huge salaries - I can only conclude that their salaries are not fixed according to the law of supply and demand but simply by personal influence. And this is an abuse important in itself and having a deleterious effect on government service. — Leo Tolstoy

Prices are determined by supply and demand, and demand is determined by how intensely people want a commodity and what they have to offer in exchange for it. — Henry Hazlitt

Shop on the days that are not peak - take the time to figure out which days during the month are going to be the busiest for the stores in your area. These are the days that the prices on your favorite things are going to be the highest. Some of the days to watch out for include holiday long weekends, paydays, the 1st, 15th, and 31st of the month, and even the weekends are usually not the best days to shop in order to save money. This is because everyone is going to be out shopping and so the stores will raise prices due to supply and demand. — Michael Hansen

You cannot cover the 50 million new people Obama seeks to cover without more doctors and nurses. But the administration and even the Blue Dogs in the House have proposed nothing to add to the supply of medical services even as they plan vastly to increase the demand by covering new people. — Dick Morris

It's a simple question of supply and demand. But all of us are grossly overpaid. I think it's a ridiculous dispute. — Jim Courier

The price of ability does not depend on merit but on supply and demand. — George Bernard Shaw

The Internet doesn't change everything. It doesn't change supply and demand. — Andy Grove

Teach a parrot the terms 'supply and demand' and you've got an economist. — Thomas Carlyle

Laissez-faire, supply and demand-one begins to be weary of all that. Leave all to egotism, to ravenous greed of money, of pleasure, of applause-it is the gospel of despair. — Thomas Carlyle

Here is a principle to use in all aspects of economics and policy. When you find a good or service that is in huge demand but the supply is so limited to the point that the price goes up and up, look for the regulation that is causing it. This applies regardless of the sector, whether transportation, gas, education, food, beer, or daycare. There is something in the way that is preventing the market from working as it should. If you look carefully enough, you will find the hand of the state making the mess in question. — Jeffrey Tucker

Marx then asks how wages are determined and answers that the price of labour is determined like the price of any other commodity. It may rise or fall according to supply and demand, — Anonymous

Business, to be successful, must be based on science, for demand and supply are matters of mathematics, not guesswork. — Elbert Hubbard

The slave trade was not controlled by any state or government. It was a purely economic enterprise, organised and financed by the free market according to the laws of supply and demand. Private slave-trading companies sold shares on the Amsterdam, London and Paris stock exchanges. Middle-class Europeans looking for a good investment bought these shares. Relying on this money, the companies bought ships, hired sailors and soldiers, purchased slaves in Africa, and transported them to America. There they sold the slaves to the plantation owners, using the proceeds to purchase plantation products such as sugar, cocoa, coffee, tobacco, cotton and rum. — Yuval Noah Harari

The countries of the American continent and the adjacent islands are for the United States the natural marts of supply and demand. — Chester A. Arthur

Agriculture is one economic activity that does not obey the laws of demand and supply. — John Kenneth Galbraith

I do not fear that "future generations will not read novels," etc. It is probably a complete misunderstanding to conceive of serious art in categories of production, market, readers, supply and demand( ... )art is not the fabrication of stories for readers but a spiritual cohabitation, something so tense and so separate from science, even contradictory to it, that there can be no competition between them. If someone fine, dignified, prolific, brilliant (this is how one ought to speak of artists this is the language art demands) is born in the future, if someone unique and unrepeatable is born, a Bach, a Rembrandt, then he will win people over, charm and seduce them ... — Witold Gombrowicz

My sweet, there are altogether too many respectable ladies in the world. The supply has far exceeded the demand. But there's an appalling shortage of attractive pirates, and you do seem to have a gift for plundering and ravishing. I think we've found your true calling. — Lisa Kleypas

People are always trading their excess for somebody else's excess. One country has a lot of aluminum so they trade aluminum for sugar. It's the law of supply and demand. — Carl Andre

I have learned that when you've done your homework, once you recognize that supply and demand are totally out of whack, and you make your move, you are definitely going to get very lucky. — Jim Rogers

There's randomness and there's the demand and supply ratio. And both of these combine to stop the average man from making it big. More it happens, more is our guy forced to believe in luck. Decades, my friend, you know what that does to a man. — Daya Kudari

Think of how many fast food chains exist in the United States alone. Each one of those restaurants needs a large supply of beef, chicken, pork, corn, potatoes, lettuce, tomatoes, cheese, milk, and other food products. To keep up with the demand, they need large corporations to supply them with enough food. When producers focus on benefiting business and industry, they lose their focus on benefiting our health. — Joseph P. Kauffman

Talent, just like gold or any other precious commodity is subject to the same demand & supply economics — Gyan Nagpal

If we're going to live as we are in a world of supply and demand, then journalists had better find a way to create a demand for good journalism. — Bill Kovach

From Adam Smith's pin factory to Moore's Law of microchips, the division of labor drives the extension of the market, not the other way around. Supply creates its own demand through the proliferation of goods and services down the curves of learning, entropy, and imagination. — George Gilder

A shortage is a sign that somebody is keeping the price artificially lower than it would be if supply and demand were allowed to operate freely. — Thomas Sowell

What a commodity has cost to produce in the past cannot determine its value. That will depend on the present relationship of supply and demand. — Henry Hazlitt

Social Science, is not a 'gay science' but rueful, which finds the secret of this universe in 'supply and demand' and reduces the duty of human governors to that of letting men alone. Not a 'gay science', no, a dreary, desolate, and indeed quite abject and distressing one; what we might call, the dismal science — Thomas Carlyle

The Americans' great wealth (and their great love for it) makes it precisely the appropriate metaphor. Supply and Demand as a principle has permeated their minds. As a practice, it stains all the way down to their souls. — Geoffrey Wood

Through Saansad Adarsh Gram Yojana, we want to give impetus to Demand driven development model instead of Supply driven development model. Let the villages say what has to be done, and what not. — Narendra Modi

Four things have almost invariably followed the imposition of controls to keep prices below the level they would reach under supply and demand in a free market: (1) increased use of the product or service whose price is controlled, (2) Reduced supply of the same product or service, (3) quality deterioration, (4) black markets. — Thomas Sowell

demand and supply are merely two sides of the same coin. They are the same thing looked at from different directions. Supply creates demand because at bottom it is demand. The supply of the thing they make is all that people have, in fact, to offer in exchange for the things they want. — Henry Hazlitt

To be sure, there exists in principle a quite simple economic mechanism that should restore equilibrium to the process: the mechanism of supply and demand. If the supply of any good is insufficient, and its price is too high, then demand for that good should decrease, which should lead to a decline in its price. In other words, if real estate and oil prices rise, then people should move to the country or take to traveling about by bicycle (or both). Never mind that such adjustments might be unpleasant or complicated; they might also take decades, during which landlords and oil well owners might well accumulate claims on the rest of the population so extensive that they could easily come to own everything that can be owned, including rural real estate and bicycles, once and for all.3 As always, the worst is never certain to arrive. It is much too soon to warn readers that by 2050 they may be paying rent to the emir of Qatar. — Thomas Piketty

The time to grant anybody a favor is the day the favor is asked, for that day is the one psychological moment of the world when supply and demand are keyed exacty to each other's limits, and can be mated beatifically to grow old, or die young, together. But after that day
! — Eleanor Hallowell Abbott

The Internet moves us closer to "perfect information" on markets. Individuals and companies alike can buy and sell across borders and jurisdictions wherever they find the best match of supply and demand. — Milton Friedman

Fred Harrison explains in The Power in the Land how land values over time become so expensive that too little wealth is left to pay for goods and services. Real estate speculation allows property owners to demand tomorrow's wealth output today, because they have the power to withhold land from use in expectation of future gains. Artificial constrictions in the supply of land make the price increase at a rate the economy can't sustain. Land eventually becomes unaffordable and recession follows leading to a bust before the next boom commences. — Martin Adams

Prostitution is not just a service industry, mopping up the overflow of male demand, which always exceeds female supply. Prostitution testifies to the amoral power struggle of sex, which religion has never been able to stop. Prostitutes, pornographers, and their patrons are marauders in the forest of archaic night. — Camille Paglia

Of valid economics pre-dating the Power Age (steam and electricity), there remains not a vestige. Of valid economics pre-dating the intensive and extensive use of electricity there will soon exist only rags and tatters. We still have to thank Adam Smith for insisting 'Consumption is the sole end and purpose of production;' but the old form of the law of demand and supply is outmoded, since supply has become practically inexhaustible. — Harriet Boyd Hawes

When there were not very many Internet companies, the supply of Internet companies to the market was small and the appetite for them was large. Therefore, if you were in the business of creating Internet companies in 1996-98, you had a market that provided massive demand for that. — Fred Wilson

Assume that a surgeon has discovered how to do brain surgery, that he can do only one a month, that 1,000 persons a year need such an operation if they are to survive. How is the surgeon's scarce resource to be allocated? Charge whatever price is necessary to adjust supply and demand, say $50,000! 'For shame,' some will cry. 'Your market system will save only wealthy people.' For the moment, yes. But soon there will be hundreds of surgeons who will acquire the same skill; and, as in the case of the once scarce and expensive 'miracle drugs,' the price then will be within reach of all. — Leonard Read

What people intuitively grasped was the new efficiences in distribution, manufacturing, and marketing were changing the definition of what was commercially viable across the board. The best way to describe these forces is that they are turning unprofitable customers, products, and markets into profitable ones. Although this phenomenon is most obvious in entertainment and media, it's an easy leap to eBay to see it at work more broadly, from cars to crafts. Seen broadly, it's clear that the story of the Long Tail is really about the economics of abundance - what happens when the bottlenecks and stand between supply and demand in our culture start to disappear and everything becomes available to everyone. — Chris Anderson

Pop culture is not about depth. It's about marketing, supply and demand, consumerism. — Trevor Dunn

What most of these doomsday scenarios have gotten wrong is the fundamental idea of economics: people respond to incentives. If the price of a good goes up, people demand less of it, the companies that make it figure out how to make more of it, and everyone tries to figure out how to produce substitutes for it. Add to that the march of technological innovation (like the green revolution, birth control, etc.). The end result: markets figure out how to deal with problems of supply and demand. — Steven D. Levitt

A philosopher philosophizes what people need to hear. A motivational speaker speaks what people want to hear. — Mokokoma Mokhonoana

The golden rule of business is supply and demand. I venture to say that this is also the rule of happiness. When a balance is achieved between our desires and another's willingness to satisfy them, the result is a sympathetic, mutually rewarding relationship. ( ... ) a thriving economy of love.' - character Mike Lambeth — Caroline Adderson

When you live by the demands and supply of life, your life becomes easily predictable. — Sunday Adelaja

Most startups actually start down and only go up if they catch the winds of market demand. — Ryan Lilly

In short, what the living wage is really about is not living standards, or even economics, but morality. Its advocates are basically opposed to the idea that wages are a market price-determined by supply and demand, the same as the price of apples or coal. And it is for that reason, rather than the practical details, that the broader political movement of which the demand for a living wage is the leading edge is ultimately doomed to failure: For the amorality of the market economy is part of its essence, and cannot be legislated away. — Paul Krugman

I tend to look at things from the supply side, looking for ways to make it less expensive to do more production. I think that's what creates a demand and keeps an economy moving. — Pat Toomey

The three topics of this book - technological change, education, and inequality - are intricately related in a kind of 'race.' During the first three-quarters of the twentieth century, the rising supply of educated workers outstripped the increased demand caused by technological advances. Higher real incomes were accompanied by lower inequality. But during the last two decades of the century the reverse was the case, and there was sharply rising inequality. Put another way, in the first half of the century, education raced ahead of technology, but later in the century, technology raced ahead of educational gains. The skill bias of technology did not change much across the century, nor did its rate of change. Rather, the sharp rise in inequality was largely due to an educational slowdown. — Claudia Goldin

Infrastructure projects create a lot of demand for material, services and manpower. It is a chain reaction; if the infrastructure growth slows down, it will hit overall demand. The supply side has to keep increasing to sustain growth. — Jamshyd Godrej

You can make even a parrot into a learned political economist - all he must learn are the two words "supply" and "demand." — Thomas Carlyle

Capitalism does millions of things better than the alternatives. It balances supply and demand in an elegant way that central planning has never come close to. — Jeremy Grantham

I see the role of IT as a change agent. It empowers, connects and can bind isolated parts of India and create harmony. IT can join people with governments, bridge the gap between demand and supply, and can bring us closer to knowledge. — Narendra Modi

For they (capitalists) hold as their chief heresy, in a coarser form, the fundamental falsehood that things are not made to be used but made to be sold. All the collapse of their commercial system in their own time has been due to that fallacy of forcing things on a market where there was no market; of continually increasing the power of supply without increasing the power of demand; of briefly, of always considering the man who sells the potato and never considering the man who eats it. — Gilbert K. Chesterton

Wealth brings with it its own checks and balances. The basis of political economy is noninterference. The only safe rule is found in the self-adjusting meter of demand and supply. Open the doors of opportunity to talent and virtue and they will do themselves justice, and property will not be in bad hands. In a free and just commonwealth, property rushes from the idle and imbecile to the industrious, brave and persevering. — Ralph Waldo Emerson

From the equilibrium and spontaneous order of Adam Smith and his heirs, from invisible-handed markets and perfect competition, supply and demand, and rewards and punishments, I was pushed to theories of disequilibrium and disorder, and information and noise, as the keys to understanding economic progress. — George Gilder

Business is based on the well-known principle of supply and demand. You want something, the other man has it. The only thing left to settle is the price. — Agatha Christie

Social prejudice is a strong force, but no match for simple competence when skill is in urgent demand and short supply. — Diana Gabaldon

There is so much more demand for Formula One than it can supply. You have governments investing in circuits all over the world, and the private sector sometimes has a tough time competing with that. — Mario Andretti

How did we ever get the idea that God would supply us on demand with quick fixes, that God is merely a rescuer and not a midwife? — Sue Monk Kidd

If we are to meet the growing electricity demand in the United States without significantly increasing emissions of greenhouse gases, we must maintain a diverse supply of electricity, and nuclear power must be part of that mix. — Judy Biggert

History will see this as the residential commodification era, in which housing provision seemed to lose all contact between supply and demand of housing as a utility and simply focused on supply and demand of investment - and that is worrying.
Investment is good for the economy, but the investment you want is investment that goes into creating homes, workplaces and infrastructure, not investing in owning them and inflating asset prices. — Peter Rees

If America is the land of opportunity, a country where perseverance and hard work is rewarded by recognition, then an illegal harbors the opposite ambitions. His greatest reward us anonymity, invisibility. Aided and abetted by market forces and the laws of supply and demand, he hones his skill to stand up but make sure he's never counted. — Bella Pollen

Under ordinary competitive conditions, any long and serious maladjustment between supply and demand cannot last. — George W. Stocking

Because people along the route had realized that there was demand and quickly organized supply. That's so Chinese. In a well-organized country like Germany, such a problem may not have arisen in the first place, but in China people immediately recognized an opportunity. — Zhang Xin

As you know, low demand and high supply means a drop in value of anything, including the dollar. — Robert Kiyosaki

We're going to see leadership emerge as the most important element of business - the attribute that is highest in demand and shortest in supply. — Tom Peters

Why, if there is anything in supply and demand, life is the cheapest thing in the world. There is only so much water, so much earth, so much air; but the life that is demanding to be born is limitless. Nature is a spendthrift. Look at the fish and their millions of eggs. For that matter, look at you and me. In our loins are the possibilities of millions of lives. Could we but find time and opportunity and utilize the last bit and every bit of the unborn life that is in us, we could become the fathers of nations and populate continents. Life? Bah! It has no value. Of cheap things it is the cheapest. Everywhere it goes begging. Nature spills it out with a lavish hand. Where there is room for one life, she sows a thousand lives, and it's life eats life till the strongest and most piggish life is left. — Jack London

The detective story itself is in a dilemma. It is a vein which is in danger of being worked out, the demand is constant, the powers of supply variable, and the reader, with each one he absorbs, grows a little more sophisticated and harder to please, while the novelist, after each one he writes, becomes a little more exhausted. — Cyril Connolly

I've been a foodie most of my life. I started when I lived for a year in Germany in my early 20s, and here was this new food environment, and I decided I needed to make sense of it. And I found it was the rules of economics that do the best job. Food is a capitalist product of supply and demand. — Tyler Cowen

Or how does it happen that trade, which after all is nothing more than the exchange of products of various individuals and countries, rules the whole world through the relation of supply and demand - a relation which, as an English economist says, hovers over the earth like the fate of the ancients, and with invisible hand allots fortune and misfortune to men, sets up empires and overthrows empires, causes nations to rise and to disappear - while with the abolition of the basis of private property, with the communistic regulation of production (and implicit in this, the destruction of the alien relation between men and what they themselves produce), the power of the relation of supply and demand is dissolved into nothing, and men get exchange, production, the mode of their mutual relation, under their own control again? — Karl Marx

Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon. — Michael Hudson

Remember that, as the receiver is as bad as the thief, so the hearer of scandal is a sharer in the guilt of it. If there were no listening ears there would be no talebearing tongues. While you are a buyer of ill wares the demand will create the supply, and the factories of falsehood will be working full time. No one wishes to become a creator of lies, and yet he who hears slanders with pleasure and believes them with readiness will hatch many a brood into active life. — Charles Haddon Spurgeon

To economists, prices serve as crucial signals to producers and consumers. In a regulated market, the state sets prices high enough for private companies to cover their costs and earn a guaranteed profit for their investors. But in a deregulated market, prices should vary with demand and supply. — Alex Berenson

Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s). — Niall Ferguson

Assess Bitcoins? All you can do is examine the trading patterns, which do not provide a real analysis of any underlying economic value. The economics of investments are not solely based on supply and demand, and that is all that goes into Bitcoin prices. — Kurt Eichenwald

Obedience makes our heart receptive to what God has already done. It doesn't move Him; His heart is always aflame toward us. Generally, this revelation is not taught correctly by well-meaning ministers. The incorrect way that obedience is taught causes people to be overly-introspective, obsessing over their inadequacies and failures. It breeds SELF-ESTEEM issues instead of promoting CHRIST-ESTEEM wholeness. It breeds a destructive DEMAND-CONSCIOUSNESS (law) instead of a liberating SUPPLY-CONSCIOUSNESS (grace). — Brian Williams

Artistic inspiration ignores the law of supply and demand. — Mason Cooley

One of the great things about a free market is that it's inherently and indefatigably Darwinistic. Left to its own devices, a free market will eventually weed out the stupid from both 'ends' of the food chain otherwise described as supply and demand. As money is liberated from the hands of the stupid, those who would sell products or services to the stupid will eventually lose their share of the marketplace. Devoid of any 'benevolent' interference from government, the process is gloriously relentless, and cannot help but yield a successively smarter class of participants. — Edward Britton

The point of this, as Marx explains, is to show that according to classical economics the worker becomes a commodity, the production of which is subject to the ordinary laws of supply and demand. If the supply of workers exceeds the demand for labour, wages fall and some workers starve. Wages therefore tend to the lowest possible level compatible with keeping an adequate supply of workers alive. — Peter Singer

The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand. — Joseph Salerno

In boom times companies have high profits. They increase production to satisfy demand for goods. This leads to excess supply. Companies cut prices to compete for customers. leading to lower profits, lay-offs, and economic depression. Eventually lower prices lead to an increase in demand and profits go back up. The economy is a yo-yo. — Niall Kishtainy

Rising demand for oil exposed Europe, and later America, to oil shocks - serious interruptions in supply. Like a pebble tossed into a pond, an oil shock creats ripples, or effects, felt everywhere.
Oil shocks have two causes. The first is natural, because existing oil fields may not yield enough to satisfy demand. Scarcity results in higher prices for oil products, reducing our standard of living. Natural scarcity was not a problem in the world's major producing areas until recently.
The second cause of oil shocks is political. Political shocks happen when governments of oil-producing countries reduce or halt supply to gain the upper hand in dealings with other governments. This is the case in the Middle East, where oil has often mixed with politics, religion, and blood. The reasons for this have shaped the history of recent times. — Albert Marrin

People have needs and wants. We call that DEMAND. There are also people who service these needs and wants. That is called SUPPLY. If there were no people to serve, there would be no business. So the true definition of business is nothing more than: PEOPLE SERVING PEOPLE. — Ian Fuhr

Your competitive advantage is formed by the interplay of three different, ever-changing forces: your assets, your aspirations/values, and the market realities, i.e., the supply and demand for what you offer the marketplace relative to the competition. The — Reid Hoffman

The equilibrium between supply and demand is achieved only through a reaction against the upsetting of the equilibrium. — David Harvey

A careful regulation of the economic impulses of society was considered as essential to man's spiritual welfare as it was to his material well-being. There was a righteous price in commerce, based on considerations of morality, as well as an economic price, reflecting the laws of supply and demand. — Lacey Baldwin Smith

There are many reasons for increased spending on health care, including an aging population, technological change, perverse incentives, supply-induced demand, and fear of malpractice litigation. The broader point is that the basic underlying problem does not entail misbehavior or incompetence but rather stems from the nature of the provision of labor-intensive services. — William J. Baumol

Rents should begin to decelerate as the demand for owner-occupied housing stabilizes and the supply of rental units increases. — Ben Bernanke

We hear of the wealth of nations, of the powers of production, of the demand and supply of markets, and we forget that these words mean no more, if they mean any thing, then the happiness, and the labor, and the necessities of men. — Frances Wright

The core of the doctrine consists in the proposition that the supply of money and the demand for it both affect its value. This proposition is probably a sufficiently good hypothesis to explain big changes in prices; but it is far from containing a complete theory of the value of money. It describes one cause of changes in prices; it is nevertheless inadequate for dealing with the problem exhaustively. By itself it does not comprise a theory of the value of money; it needs the basis of a general value theory. One after another, the doctrine of supply and demand, the cost-of-production theory, and the subjective theory of value have had to provide the foundations for the Quantity Theory. — Ludwig Von Mises

As demand for cotton grew, slavery was considered indispensable as a means of maximizing profit for this labor-intensive staple crop. Equally important, as we shall see, slaves could be financed - that is, purchased on credit. In financial parlance this is called leverage. Planters had one objective: increased cotton production. Arguments about the optimum size of a cotton farm are irrelevant because of slavery's financing characteristic. Simply put, the goal was more cotton, which called for financing the purchase of more land and more slaves. Because a mechanical means of solving cotton's production needs did not exist until the mid-twentieth century, cotton demanded an endless supply of black bodies as long as the price of cotton permitted financing. The Northerner Frederick Law Olmsted, — Gene Dattel

The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent. — Gary Miller