Posted on 01/12/2015 9:22:30 AM PST by jazusamo
“Economics is a systematic study of cause and effect, showing what happens when you do specific things in specific ways. The path to understanding outcomes is to examine consequences of decisions in terms of incentives they create rather than goals they pursue.”
There it is. The difference between us and them. Liberals do not reason their actions to logical conclusions. They don’t use empirical evidence to deduct what their policies would encourage others to do. They imagine their plans work.
As another economist would say, you are free to do whatever you want. You are not free to escape the cost of doing whatever you want.
The fact that paper is made from wood pulp, I guess.the prices of catcher's mitts be affected by the demand for cheese?
The use of cattle for nonrenewable leather as opposed to milk.Another question easily answered is: Why would luxury hotels be charging lower rates than economy hotels in the same city?
I see no easy answer for that. Unless the luxury hotels make up the difference by charging for luxurious add-ons, it makes no sense to have lower rates than cheap places.
My guesses: Bats and paper are both made of wood; competition can affect the cost, affecting the price. Catcher's mitts are of leather, but you need the animals alive to obtain cheese. More cheese, fewer dead animals for leather, higher cost due to lower supply.
Do I get a C+?
Once the economy hotels are full the luxury hotels can lower their prices to at lease get some revenue for their empty rooms or leave them empty at a loss.
It doesn’t work . I’ve done just that. Liberalism is about feeling good about yourself. Whether policies actually work is not a consideration.
Unless you stole it, there can never be a trade imbalance in free market economics.
5.56mm
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