Magic Numbers In Politics — Thomas Sowell — GOPUSA
Posted by highlysuspect on October 13, 2009 in Incoming concressional emails | ∞
Back in the days of the Soviet Union, two Russian economists who had never lived in a country with a free market economy understood something about market economies that many others who have lived in such economies all their lives have never understood. Nikolai Shmelev and Vladimir Popov said: “Everything is interconnected in the world of prices, so that the smallest change in one element is passed along the chain to millions of others.”
What does that mean? It means that a huge increase in the demand for ice cream can mean higher prices for catchers’ mitts, among other things.
Magic Numbers In Politics — Thomas Sowell — GOPUSA.
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