Category: Economic Fallacies

Boulders in the Stream

Supposedly this [law] would help the underdogs: small booksellers and new authors. Ironically it does the exact opposite. It is the unknown author that has the greatest incentive to discount heavily in order to entice someone unfamiliar with their work. It is small book sellers that are most likely to haggle or “make a deal” when someone makes a substantial purchase.

Shortages the Spawn of Short-Circuited Prices

High prices are the market’s method of eliciting an economic immune response. As swarms of people respond to the wailing klaxons of above average profit, supply swells until prices begin to fall. It is this natural up/down demand/supply equilibrium that lets a market know where to devote more or fewer resources.

Pool your own resources

So, it’s not that people want access to a pool per se, (clearly there is already “access” locally), it’s that they want someone else to foot the lion share of the bill. Getting the county to provide these things means that when you utilize them a disproportionate burden of the cost is shifted to (a) all those with a higher property value than yours and (b) all those that use it less than you do. Subsidization, pure and simple.

February 04 / 2015
Author Greg Morin
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Minimum Wage: Be careful what you wish for, you might just get it

Last Friday a group known as “Fast Food Forward” (tightly affiliated with the SEIU union) led a series of demonstrations in over 100 US cities at fast food restaurants where they called for a near doubling of the federal minimum wage to $15/hour. In further news there were a number of similar demonstrations in which […]

December 09 / 2013

The Giving Tree of Debt

It’s that special time of year once again – The Giving Tree in Washington DC sheds its last few monetary leaves as fall approaches. The congressional summer recess has left the tree starving for the one thing it needs to flourish and produce those precious greenbacks: BS. As the pontificating blowhards in Congress resume their […]

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