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To: SeekAndFind
You hear it all the time that this store over charges for its products, or that store is a rip-off. This is only true if you allow yourself to be ripped off. But, if you do in fact BUY from that store, are you not implicitly admitting that you would rather have the product in your hand than the money it costs in your pocket?

What store would willingly charge more for its products than it reasonably expected to get? Just because YOU think that it is too expensive, doesn't mean the rest of the market does. When you try to sell your house, you try to get the most amount of money possible for it. Why would you not expect a store to do the same thing?

7 posted on 04/06/2014 8:10:33 AM PDT by fhayek
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To: fhayek

Right.

Lets assume that a Liberal has bought a new house, and is preparing to move in. He can choose between different movers to move his stuff for him. He narrows his options down to two different moving companies, and for the sake of discussion, lets say both will do identical work in the way of quality, but one is priced significantly lower due to less overhead/more efficient business model. Will he hire the more expensive company for the same quality work, doing the “morally right” thing(according to his supposed values) by paying more than he has to, or will he pay the least amount he can for the same amount/quality work?

We can be sure he’ll pay the least amount he can to get the job done like anyone would, but lets say he indeed chooses to unnecessarily pay more. If such decisions were made by everyone throughout the economy, it would discourage efficiency and innovation; while incentivizing laziness which all inevitably lead to economic ‘Moral Hazard’. Liberals only practice the concept of ‘economic morality’ with prices and wages when it’s other people’s money that’s being spent.


10 posted on 04/06/2014 9:54:01 AM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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