-----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 On Friday 30 March 2007 14:05, Celejar <[EMAIL PROTECTED]> was heard to say: > The bottom line is that if the cost is the same or lower (the > assumption of the OP, because less processing is done), then given > perfect competition, the price should be, too.
Except that "perfect competition" does not exist. It is one of the primary flaws of Keynesian economics. Platonic Competition, By George Reisman http://www.mises.org/story/1988 "The macroeconomic result was called perfect competition..." http://www.mises.org/journals/qjae/pdf/qjae7_4_1.pdf The Misesian Case against Keynes http://www.mises.org/story/2492 - -- September 11th, 2001 The proudest day for gun control and central planning advocates in American history -----BEGIN PGP SIGNATURE----- Version: GnuPG v1.4.6 (GNU/Linux) iQEUAwUBRg2Bhy9Y35yItIgBAQJ1jAf4/EdIJpcrcNrugXgp3vk4wqFHCDGDEMSz L1R8XS4WVh4mow+Dnsb5TuVPVKiv69+03R4UhVcm+GpYLb+5rlUH/dH0HSmOele+ +PWG+yVW7JCWvVCaDgzJYAT3eskfWgBVVeDtQ1j14faUjhiCVnr7YfdUZKoF1TrK ALPZKXy4nnkgOQWBxGW9N8Lzku68a99havxhcn5GMvUkffypf/1gfj3hFXgBSTiv ONVD6yJhC5WbzPsF0+94sjSaZyNQFvpde7FZ/jbtcysDLwq+ZATdbjA78or6vtJd 8OAi0eaPPx5eMPSVNzI88NzOC5fdqpS+9xA3a7jPG5HC/IDSBZIJ =Xujv -----END PGP SIGNATURE----- -- To UNSUBSCRIBE, email to [EMAIL PROTECTED] with a subject of "unsubscribe". Trouble? Contact [EMAIL PROTECTED]
