Right. I will just stick with the experts' theories of price formation. Little wonder that microeconomics is avoided so much, it is tough sledding.
"Right. I will just stick with the experts' theories of price formation. Little wonder that microeconomics is avoided so much, it is tough sledding."
You keep making broad, sweeping generalizations with no substantiation whatsoever. Who are these "experts" who have a different theory of price formation? Can any of these experts answer the question I have asked several times on this thread with no response: if non-production costs are not recouped via product sales, where does the money come from to finance them?
The FairTax has been endorsed by a number of respected economists, one of whom is a Nobel laureate.
http://www.fairtax.org/pdfs/Open_Letter_President.pdf
Can you point me in the direction of some of your "experts" who have a different view of price formation than these gentlemen?