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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The trouble with being poor is that it takes up all your time.
The trouble with being poor is that it takes up all your time.
Budgets are for cutting, that's why you set them.
Budgets are for cutting, that's why you set them.
I don't even get an allowance.
I don't even get an allowance.
You can't run a business without taking risks.
You can't run a business without taking risks.
Everything you want in life has a price connected to it. There's a price to pay if you want to read more
Everything you want in life has a price connected to it. There's a price to pay if you want to make things better, a price to pay just for leaving things as they are, a price for everything.
The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion read more
The problem with the person who thinks he's a long-term investor and impervious to short-term gyrations is that the emotion of fear and pain will eventually make him sell badly.
Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And read more
Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
One rose says more than the dozen.
One rose says more than the dozen.
It's not your salary that makes you rich, it's your spending habits.
It's not your salary that makes you rich, it's your spending habits.
