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Pastimes : Austrian Economics, a lens on everyday reality

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To: Neocon who wrote (37)12/11/2001 10:39:06 AM
From: Don Lloyd1 Recommendation  Read Replies (2) of 445
 
Neocon -

Just thought I would get a couple of "big picture" posts in there, before immersion in the puzzles.....

Thank you. It is appreciated.

True prices, i.e. those that result from a free market process, are vital to an economy of any complexity at all.

In spite of this being known for generations, we still see that ultimate of political hacks, the generic state attorney general, filing suit against a gas station operator if he attempts to stretch out his supply until the next delivery by raising his price 50 cents per gallon above the other three gas stations on the same intersection.

Regards, Don
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