I recently bought a very good office chair at a yard sale for five dollars. The same chair would cost a lot more at a retail store, does that mean that the retail store is gouging its customers on the price of office chairs?
Thursday, November 16, 2006
At age 94 the father of sound economic teachings has died. Milton Friedman is his name and he passed away today; we shall all miss him. If you like this blog I encourage you to scan the internet for articles written by Mr. Friedman. You will no doubt learn a lot.
Monday, November 13, 2006
Friday, November 03, 2006
Many people who understand simple rules during a sports event, can't understand the same rules when it comes to economics. The people who immediately call for government to lower gas prices as soon as the economy takes a dip, wouldn't immediately place a player on the bench for striking out one time during the World Series.