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Mises Economics Blog

The market strikes again

August 6, 2006 9:23 PM by Jim Fedako | Other posts by Jim Fedako | Comments (1)

Once again the capitalists, entrepreneurs, petty-bourgeois, and associated travelers exploited those in need of goods and services; they ripped me off by selling school supplies at an outrageous price. These profiteers recognized the increased demand for education wares as school fast approaches so they acted just as the interventionist predicted; they lowered priced, outrageously. Oh, well, I guess that means that they actually acted opposite of what was predicted.

I just purchased a pack of 60 pencils for less than $1.50. But, of course, these criminals simply used this price as a tactic to get me into their stores where they forced 10-cent note pads, cheap binders, etc., on me. Yes, the saving continues.

If you happen to see your state Attorney General, let him know of the evils that lurk in a free market system - it happens every year around this time. I'm certain he'll be outraged and put a stop to this nonsense.

Comments (1)

  • Daniel
  • An interventionist would simply point out that this is proof that they could have been selling the goods at this price all along. Thus, you've been ripped off the rest of the year and prices should be frozen at where they are today...

    Of course, when they go out of business, they'll renormalize at a (much) higher level leaving you with the prospect of buying pencils at $2.50 each (per pencil - not per box).

    Happy writing!

  • Published: August 7, 2006 12:02 AM

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