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In The Mailbag
As is typical, I don't have much time to devote to blogging during the workweek. But my traffic spike has led to some interesting e-mail. I'm going to blog about two.
Today we'll do the funny one, without much comment. Tomorrow (or Thursday) I'll do a substantive one (related to this post) about positive externalities and why "it's good for us" isn't a sufficient reason to subsidize things with tax dollars.
Here's the funny one. I've broken this into two paragraphs although the original was only one. I put the break at the point where the tone suddenly and inexplicably changes. The shift hardly needs emphasis, but it's fun. :) (All misspellings are as in the original):
There's nothing to say about the second paragraph. As for the first one, I have a counterexample.
There's a chain of independently-owned gasoline stations in my area. Or rather, there was. The person who owns them, Dwight Estby, remarked in the newspaper that he was losing money and unable to compete with the oil-company-affiliated stores because their costs of acquiring gasoline were lower. He is now converting his stations to be oil-company-affiliated.
However, gasoline station profits under normal circumstances are entirely beside the point. O'Reilly was ranting about alleged price gouging after a disaster. And he still needs to learn how markets work.