Pete Seeger, folk singer and liberal mouthpiece of the ’50s and ’60s, wrote “Where Have All the Flowers Gone” in 1955.  Progressive folk trio Peter, Paul, and Mary sang their version in 1962.  The chorus line of “Oh, when will they ever learn?” was directed at “The Man” back in the ’60s, the military industrial complex sending young Americans off to war. In a bit of irony, it’s the modern-day progressives who never seem to learn.  Not about war, but instead about basic economics. One of the first concepts taught in basic economics is the demand curve.  As the price of something goes up, the demand for it goes down.  And vice versa.  One doesn’t even need an economics class to understand that a $50-million house will not have a bunch of buyers in a bidding war, compared to a much less expensive house.  Or that a sale, lowering the price of something, is a good way to sell more and...(Read Full Article)