Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
The Ten Pillar’s of Economic Wisdom
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="GeneW" data-source="post: 3749850" data-attributes="member: 27284"><p>There is a tremendous knowledge of Economics, many theories, some bad, some good, some crap, and it can and will become very complicated. Having said that, if you just learn this one thing it will take you far in life.</p><p></p><p>The cure for high prices is....high prices. </p><p></p><p>The cure for low prices is....low prices.</p><p></p><p>If prices are high, more producers will enter the market place, and due to competition, prices will fall.</p><p></p><p>If prices are low, less producers will stay/be in the market place and prices will rise.</p><p></p><p>Sounds simplistic, and it is, and yet it is deeply profound and not complicated. Once you understand this you will be much more knowledgeable with the crap government tries to tell you.</p><p></p><p>Truly the fact is the Invisible Hand of a free market economy is the best thing ever to help people live better.</p></blockquote><p></p>
[QUOTE="GeneW, post: 3749850, member: 27284"] There is a tremendous knowledge of Economics, many theories, some bad, some good, some crap, and it can and will become very complicated. Having said that, if you just learn this one thing it will take you far in life. The cure for high prices is....high prices. The cure for low prices is....low prices. If prices are high, more producers will enter the market place, and due to competition, prices will fall. If prices are low, less producers will stay/be in the market place and prices will rise. Sounds simplistic, and it is, and yet it is deeply profound and not complicated. Once you understand this you will be much more knowledgeable with the crap government tries to tell you. Truly the fact is the Invisible Hand of a free market economy is the best thing ever to help people live better. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
The Ten Pillar’s of Economic Wisdom
Search titles only
By:
Top
Bottom