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"
Saturday, May 14, 2005
Capitalism and Truth,
My blog's name is redundant; Capitalism's core is truth. You should remember that whenever you see a price on something. Prices are a result of reality. If I take my temperature with a thermometer and discover that I have a fever, I can put the thermometer in a cup of ice and make the reading on the thermometer go down. But that won't help my fever a bit; same principle when prices are set by the free market. The government can step in and lower the price but that will not change the reality that brought about the original price.
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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...