Archive for April 20th, 2006
An after thought
In the link of my previous post, Stephen W. Carson references an article in USA Today.
There are people I knew who don’t comprehend the concept that if people consume less of a product, the price of that product tends to drop. One gentlemen, in particular, whom I shall call ‘D’, thought that price controls […]
Posted: April 20th, 2006 under Economics.
Comments: none
Mises Economics Blog: Newsflash! Demand Curve Slopes Down!!
Mises Economics Blog: Newsflash! Demand Curve Slopes Down!!
Imagine that. Gas prices go up, and people cut back on driving. Some of my more clueless friends think that the only solution to high gas prices is price control and windfall profits taxes. There’s nothing like cutting back on driving and carpooling to […]
Posted: April 20th, 2006 under Economics.
Comments: 1