The third is that in a world of plenty, scarcity still rules when it comes to basic economics. There are only so many “things” and as the demand for them increases, the price goes up. As an example, just trying to find a car that could be rented out west and returned here was an adventure. A number of rental agencies reported having zero cars available, and you know that is not true – they can always buy more from any local dealership if they need them that badly. They just flat out do not want this type of business this time of year when they can make more money renting the cars for round trips and having lower miles put on them. There was only one agency that could be found which would rent a vehicle, and you can imagine that they were able to mandate a pretty premium.
Hopefully, I will have a few more correlations to share when I return; otherwise I won’t be able to write the trip off on my Herald Bulletin expense account.
Emmett Dulaney is an Anderson resident and the author of several books on technology. His column appears Tuesdays.