Slapped By The Invisible Hand. Again

[Tigermike 3,674]

Slapped By The Invisible Hand. Again

As a cranky economics major, I love love LOVE seeing bossy, ignorant, normative liberals learn the heartless, iron rules of supply and demand.

While the Senate Democrats officially start screeching about windfall profits and price gouging by the oil companies today, Adam Smith's invisible hand coldly touches its next victim --- you cannot escape:

Video

http://www.msnbc.msn.com/id/22425001/vp/25073161#25073161

Dealers selling hybrids at $2,000 to $3,000 over MSRP? Sounds pretty ... gougey. Either that or hybrids are in very high demand with low supply. Like other ALL stuff, increase the supply and the prices come down.

College isn't cheap, so these painful real world lessons in Econ 101 (i.e. there is no such thing as price gouging, just prices. Deal with it.) will have to suffice for our benighted acolytes of feel good command economy

prescriptions. Delicious.

http://perfunction.typepad.com/perfunction...ped-by-the.html

What will the collectivists do now?

[autigeremt 7,162]

Resistance is FUTILE