David Kutas

52%
Flag icon
If we keep the price down, everyone will get his fair share. The first thing to be noticed about this argument is that if it is valid the policy adopted is inconsistent and timorous. For if purchasing power rather than need determines the distribution of beef at a market price of $2.25 cents a pound, it would also determine it, though perhaps to a slightly smaller degree, at, say, a legal “ceiling” price of $1.50 cents a pound.
Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics
Rate this book
Clear rating
Open Preview