A market was once defined by the Australian writer Ted Trainer as “an ingenious device for ensuring that when things become scarce only the rich can get them”. How true.

Meanwhile, bloody economists sprouting nonsense at The Times Online.

…they ought to know that commodities don√¢‚Ǩ‚Ñ¢t run out. They just get more expensive.

Of course things run out if there’s a finite supply of the stuff (or if the rate of replacement far exceeds the rate of usage).