"Tartarus" <tartarus@[EMAIL PROTECTED]
> wrote in message
news:f82ca596-f70f-4478-8f62-abe4bfb7c644@[EMAIL PROTECTED]
Aug 20, 6:52 am, "Dennis" <no.surren...@[EMAIL PROTECTED]
> wrote:
> FROM TOWNHALL.COM
>
> HEAD: Economic Myths
> by Walter E. Williams
>
> By taking a couple of courses in economic theory, we could immunize
> ourselves from nonsense spouted by politicians and pundits, but in the
> meantime check out Professor John R. Lott's "Freedomnomics: Why the Free
> Market Works."
>
> His first chapter is "Are You Being Ripped Off?" It addresses myths
about
> predation where it's sometimes alleged that cor****ations will charge
> below-cost prices to bankrupt their rivals and then charge
unconscionable
> prices. There's little or no evidence that cor****ations would choose
> predation as strategy; there are too many pitfalls. A major one is that
in
> order to recoup losses from charging low prices to bankrupt rivals, the
> predator would later have to charge higher-than-normal prices.
Nonsense. The author does not know what he is talking about. If you
put your competitor out of business you (and your remaining
competition) will gain his market share, and can sell *more* units, so
you are *not* forced to sell them for more than the original price.
*******
You definitely have what baseball experts call "warning track
power"(meaning
you can't hit it out of the park), although with you it's more like "fungo
power." You don't know economic theory, but bluster about as if you do.
Learn to read a balance sheet, then get back to us.
Dionysus
Tartarus
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