Tuesday, July 14, 2009

Accusations and etc.

Heard this from Walter Block, the Austrian economist.

" (Paraphrasing)
So you have three prisoners exchanging stories of how they ended up there.

1st prisoner 'I sold goods at higher prices than everyone, they accused me of being a price gouger, a profiteer.'

2nd prisoner 'Heck, I priced everything lower than everyone, and they say I'm a cutthroat competitor, a predatory pricer.'

3rd prisoner 'I sold stuff at the same price as everybody, and now I'm a cartelist, a price-fixer...'

Angry mobs on the way!

0 Reflections: