Belt Auction

auctioneers jpg

auctioneers jpg

Summary: Thus when the price is so high that the supply exceeds the demand at that price underbidding of suppliers will drive the price downward Pg 116 On some items the bidding was most aggressive until only the winning bidder nodded agreement and again I thought of Rothbard it is

Image Dimensions: 450 x 338

Image originally found here.