It's simply "supply and demand". The supply will meet the demand if government planners and socialists stay out of the way.
Correct.
There has always seemed to be a high percentage of people here with very little formal education in economics.
Nice to see you here. We need more people like you. There are a lot of passionate anti-RATs types here and that is good! But the formal education on economic matters is greatly lacking. On threads that involve economic issues, I hope to see you on them more as this forum needs more people with a background in economics. Also, I take it you are a lawyer (or have a legal interest or background) and that is great also, as you can help with input on legal matters.
Thanks again.