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!
6 months ago
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