Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
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He who lives by the crystal ball soon learns to eat ground glass.
He who lives by the crystal ball soon learns to eat ground glass.
I made my money by selling too soon.
I made my money by selling too soon.
Money talks...but all mine ever says is good-bye.
Money talks...but all mine ever says is good-bye.
The principles applied in economic processes are general social principles.
The principles applied in economic processes are general social principles.
You don't want to get the same kind of advice from everyone on your board.
You don't want to get the same kind of advice from everyone on your board.
Every era has a currency that buys souls. In some the currency is pride, in others it is hope, in read more
Every era has a currency that buys souls. In some the currency is pride, in others it is hope, in still others it is a holy cause. There are of course times when hard cash will buy souls, and the remarkable thing is that such times are marked by civility, tolerance, and the smooth working of everyday life.
If all the economists were laid end to end, they'd never reach a conclusion.
If all the economists were laid end to end, they'd never reach a conclusion.
Bulls make money. Bears make money. Pigs get slaughtered.
Bulls make money. Bears make money. Pigs get slaughtered.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
