On Aug 21, 5:12=A0pm, "Dennis" <no.surren...@[EMAIL PROTECTED]
> wrote:
> "Tartarus" <tarta...@[EMAIL PROTECTED]
> wrote in message
>
>
news:f82ca596-f70f-4478-8f62-abe4bfb7c644@[EMAIL PROTECTED]
> On 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
Fre=
e
> > Market Works."
>
> > His first chapter is "Are You Being Ripped Off?" It addresses myths
abo=
ut
> > predation where it's sometimes alleged that cor****ations will charge
> > below-cost prices to bankrupt their rivals and then charge
unconscionab=
le
> > 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"(mean=
ing
> you can't hit it out of the park), although with you it's more like
"fung=
o
> 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- Hide quoted text -
>
> - Show quoted text -
Dicknysus just balked!
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