Learning about capitalism, in an engaging fun way; explained by a fun engaging young man trying to educate folks in a way they would like to learn. And enjoying every minute of being a part of the "new media"
Monday, July 11, 2005
Recognizing private property rights,
The whole sham labeled "price gouging" isn't about price or cost at all. It's about recognizing private property rights. If you own a gas station, then you have the right to charge your customers whatever you wish. After all it is your station! If you charge $50 a gallon, then you will not do any business and be forced to lower your price. In the wake of a natural disaster such as the recent hurricane Dennis, gasoline becomes more scarce and therefore more valuable. Hence the higher prices of gas in areas hardest hit by Dennis. The anti-"price gouging" crowd are simply Socialists in sheeps' clothing.
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Capitalism isn't the reason a coke bottle costs $3 today. Capitalism is the reason a coke bottle cost only 5 cents in the old days. G...
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Capitalism isn't just about making money. It's also about competition. When lots of people are trying to sell the same thing, the...
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Today we have a lot of people who don't produce anything, while they demand the right to have what others produce. Such people don't...